They are offering what equates 10% returns on the money I put in. I

His business has suffered due to the pandemic and the lack of demand for his services.2 weeks ago he asked me that he would like to extend his lease for another year; the lease does not expire until the end of May (30 days notice). knowing the difficulties he starts to have with rent payments and the line of business he is in, i don't expect his financial situation to improve anytime soon.In order to avoid an eventual non payment of rent and eviction procedure (complicated during Covid), I was thinking about doing a month to month lease instead of a term lease.

And I want in!I

And while I had seriously considered the house hacking route as my first foray into the world of real estate investment, the city I live in is extremely thin on such buildings!

Just make sure you've got the total cost number right.Further, when thinking about capex I often go with a lower number because if I've done my due diligence then by the time the big repairs start coming in, ie roof, hvac, the rents have also gone up but the mortgage hasn't.

I figure it’s best not to show them comps that support the value I’m shooting for unless I need to challenge the appraisal that comes in. I

So here is where I come in, I want to purchase this house, but I don’t know the legal aspect of the foreclosure nor how it works when they are not divorced.

I decided to get it rented and start having money coming in. I

I short-sale one, did a Deed in Leu of foreclosure for another, and kept the duplex that I still live in. I

Based on the neighborhood this property is in, I don't believe rental cash flow would support that approach, but it could be a viable option in certain situations.