A notification system has been set up whereby the bank holding the underlying mortgage has allowed online access to the church (with our permission)Jay, the fact that the bank has approved this transaction has taken a whole lot of additional needed legal safeguards off the table that would have been necessary in a subject to or wrap that did not have the express written approval of the underlying note holder.

Recommend requesting the seller’s existing ALTA Survey, building plans & floor plans, site map, seller’s prior Phase 1 & environmental reports (easy for them to ask lender for copy), full rent roll detail (including renovated/classic unit indications by unit, sqfts, building #’s, full detail), aged receivables report (will allow you to identify hidden delinquency / bad debt yet to be reflected in T12’s), general ledgers / capex ledgers back at least 3 years to ID major capital projects or damage that wasn’t disclosed initially.

You have no expertise to bring to the table, no contacts, and no reputation.  

I'll continue to do some contract work (from home) that pays around $1k per month, will substitute teach at my kids' school, maybe pick up a bartending shift here and there because it's fun and nostalgic (waited tables and bartended my way through college and the first 2 years that I started my business), and will chase curiosity to find my next low stakes venture - hopefully something that I can start with my daughters - who are 7 and 10.

Think about the policies and communications around the classic boy/girl friend and unauthorized person lease terms and procedures (from on-boarding through screening and lease signing).....But if it is really too stressful, look at your scale (is duplex or ten-plex right for you and your work/life balance), your market (the neighborhood --working class or upper class), your team (like a good eviction lawyer or contractor) and see if it is a good fit...

If discussing a different business operation, say buying a restaurant, immediately people won't think the value is just the market value of the location, the tables, the broiler, dishwasher, plates, pots and pans, right.

But for most buyers, the goal is to make your offer better than the other offers on the table, so you actually get the deal you are after.Look at it this way - Assume for the moment you are the seller, and you receive four offers:1.

What is it you bring to the table? 

Either way we get it done for 250ish, MAX, All the best  I guess that laborers make minimum wage in your area , and the companies pay under the table and have no insurance .   

When I was an OOS investor (originally from San Francisco, CA), I was able to take advantage of what the program brings to the table thanks to my property manager.