Call me anytime at the number below. 

-Lease to buy @ $930,000 (currently appraised at $890,000)-2 year term with option to purchase at the end of term-Non refundable 3% option fee of $27,900 -Rent $4700/month If purchasing at end of term: Option fee applied to purchase and 10% of all combined monthly rentIf not purchasing: Option fee is non refundableSeller able to break contract anytime with 60 days notice if agrees to pay renter 2x amount of option fee.

I attended a boot camp once kind of as an observer (because I will not be trying active syndication anytime soon).

Anytime after 90 days you are eligible to close a cash-out refinance at 75% loan-to-value (or 80%, in Alabama).As long as the DSCR breaks even at 1.00 or greater, you're all set.

I'd be happy to connect and talk about my experiences investing in Phila and the market as an agent.Reach out anytime!

If out of state investing is an avenue you would like to explore further, I'd be happy to chat anytime.

Because they aren't onsite and able to assist a guest at any time, they typically charge a cheaper fee of 10-20% gross profit.

We typically won't consider a deal lower than 9%.In other words, for the amount of cash flow this deal generates, they are asking about TWICE what it's worth.At the $240K asking price, I don't see a deal that would make sense.I recommend you find out how they came up with this price and also why they're selling.You've got time: I doubt this property is going anywhere anytime soon! 

Feel free to reach out anytime.

Unless you can afford to pay the HELOC in full at any time and you are okay with the high interests,  I would stay away from it.