Evaluate potential rental properties with a keen eye on location, cash flow, and potential appreciation.

You're on the right track to reach out for help here and also to look to your area for potential partnerships.

I have a potential partner who is a long-time friend.

Home is potentially upside down on mortgage (verifying that) and current owner wants too much for the house.

Thank you for putting it out there and potentially saving someone else in the future. 

It was recently purchased in December 2024, which aligns with the timing she mentioned on the phone.However, despite all the communication being professional, I’ve had trouble finding additional information about their business online.I’m wondering if I’m being overly cautious, but I want to make sure everything is legitimate and avoid any potential scams.

They go on Zillow or Redfin and just look for properties that meet the criteria, put them on spreadsheet, analyze the potential deal, pick up the phone and call listing agents.

I’d love your input on whether this deal could appeal to investors and how best to structure it.Property Details:Worth: ~$300,000HOA: $273/month, Taxes/Insurance: ~$170/monthCurrent Rent: $1,880/month (long-term); next tenant advertised at $1,950/month.Mid-term rental potential: ~$2,400/month (I haven’t tried this, but it’s my estimate).My Financing Idea:Large down payment: ~$125,000 (This is my priority to reinvest elsewhere).Seller-financed balance: ~$175,000 at 4.25% for 30 years.Buyers take over taxes, insurance, and HOA.Questions:1.

I was particularly drawn to this deal because of the strong growth potential in Bushwick, Brooklyn.

I specialize in STR & Co-living concepts, which I recommend for the highest rental income potential!