Hello, I currently live in Middletown Delaware.

@Garret Wilson, nonetheless, for this deal, the wholesaler was your de facto (buyers) agent! 

They have a Delaware County subgroup (meets in Havertown) and a Chester County subgroup (meets in West Chester) that you are probably about equidistant from.

please have your buyers go buy and see what they think.Escalator clauses are soup de Jour out our way I had not idea they were not used in that market. and had to explain what they were  

Yes, this charge can be expensed (to my knowledge) under professional fees.Lastly, your $2,500 question refers to the expensing of items under the de minimus safe harbor rules.

John De La Garza,Essentially, my friend needs to me to learn 3 and 5I should have clarified.. my goal is to be finical analyst recent college graduates with a passion for Real Estate and Finance.

@John Warren thank you for the advice, I am looking to house hack in Delaware right now, I have a small family so I need a little more space than whats available in the city.

With Philadelphia, Delaware, and the Jersey Turnpike and 295 running right through, it leaves a lot of potential for renters.

I had estimated gross rent at $4800, but actual rent is $4400.Large 3 bed (estimate $1400), actual $1400Small 3 bed (estimate $1300), actual $12002 bed (estimate $1200), actual $10001 bed (estimate $900) actual $800Original Post for 1st Quadplex Newport, DE Part 1 below:Jack Clough Investor/ Licensed Agent from Wilmington, Delawareposted about 1 month agoLast November, a partner and I purchased a quadplex in Newport, DE for 40k after negotiating directly with the owner who was way in over his head trying to rehab by himself (much more to that story...).This was a complete gut job of 4500 sf.

I recently engaged an owner that posted his 5 unit property for sale as a FSBO. He wants $395k for 5 units. the gross monthly income ranges from $500-585/mo/unit...it averages to about $567mo per unit. Total gross ren...