This can be very profitable purchase if you can fix whatever issue, but you are making it more difficult by setting a deadline.

Investment Info:Single-family residence fix & flip investment.

If you like your job, and your goal is to create long term wealth through equity then keep the property, fix it up over time, and in the future you will be able to rent it out for profit.

No more messing around.If they get out without issue, fix and clean whatever was done and thank your lucky stars you got out with minimal problems.

Mainly the Brokerage is for me just to sell the properties that we fix and flip and save the commission.

I have one that is a good fix-it man, but I'm doing a full gut reno and I need help removing a cast iron sewer stack and rough-in 2 bathrooms and kitchen to this new stack.

In a situation where you were doing an arbitrage (renting it from the owner, then yourself re-renting it to someone else) your costs to renovate/fix it up while you're using it would be able to be capitalized and depreciated by you once your rental was in service (available for rent to others). 

Have a few arms due in about 5 years..those I will finance to fixed rate as rates lower. 

One of the big benefits of buying the whole thing on a fixed rate loan is that one of your major expenses is fixed for a long period of time, including the cost of the land. 

The sellers says it's just college boys and that's to be expected.He's currently getting good rents...as unbelievable as it may seem and if cleaned/fixed up it could make more as well as increase the value of the property.We own several coworking/coliving properties in the US and Mexico, so we are used to hospitality and properties out of state.However, my questions are;Is this a norm for college students, or student housing?