Would I be on the line for paying these overdue bills upon purchasing?

Additionally, the property includes an outdoor swimming pool.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

Quote from @Kedric Naylor: Quote from @Lateefah Mathews: @Kedric Naylor Congrats on closing your first property and being lined up for your second...that’s huge!

Plus is 4% even in line with market cap rates?

If you are investing out of state, then do you already have a good property manager lined up? 

I do feel confident in the value he has delivered to-date and have line of sight on it creating monetary value.

While no renovations were needed, the key to success was having an end buyer lined up before closing.

That’s fine down the line, but for your first property, I’d lean toward familiarity.2.

Bank pushed us to 40% down payment so also executed a $85K seller carry-back loan to cross the finish line.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?