You need to think of that before it comes up (I know this the hard way...because I forgot).

Although I think it depends on repairs.So you have to pay up to 1.25 or 1.5x, cant remember, the amount the appraiser estimates for the repairs.

STuart as I think through this and folks I know in our business.

I think you should also confirm to them what lease renewal terms you are offering them so they can make an informed decision.If you make the repairs, you'll create some goodwill with the tenant and they will be more likely to renew.

In my opinion, this is a huge barrier for many new investors- they think they understand value better than a seller might and they try to convince someone their property is worth less than the seller believes it to be- that's a rookie mistake.

I think my own research says that I cannot reap the benefit because you would have to have put the property into a fund upon purchase.   

Maybe even college housing.I would think that maybe splitting it into two units might be more profitable.

Some people I spoke with think it's their attempt to push their skip tracing  packages on you, but I cannot confirm this.Also, the text to lead percentage is .5, on average.

Think $1.5M-$3M deals, $30k-$60k annual cash flow —no Reno price tags, just steady rural demand.

I think in the past, I've let what I "know" get in the way of what I can learn so this time, I'm just going to learn everything.