What made you interested in investing in this type of deal?

I work a full time job at a wood shop building custom cabinetry.

@Mordechai ChaimovitzGreat points made above along with what @Daniel C. said referencing @Tom Shallcross's post on another thread.The context and variables for each individual investor will vary but many people are comfortable with getting a 2-4 unit that will reduce their out of pocket expense compared to their previous rent with the intent to do rehab and raise rents over time.

Generally speaking, my landlord-tenant attorney encourages use of these forms rather than writing up a custom agreement.

What made you interested in investing in this type of deal?

Purchase price: $255,000 Cash invested: $100 Sale price: $260,000 3 /1 894 sqft What made you interested in investing in this type of deal?

Borrowed money from friends and family to pay cash for the property as the bank would not finance it until it had been remodeled, made livable, and brought up to code.

Nonetheless, it was made possible by a local credit union.

What made you interested in investing in this type of deal?

The credit committee is usually made up of local people who are familiar with the market they are in.