Ill make this as short as possible.....I have an elder family member who does not want to own a house, she wants to rent from my wife and I as we are trying to grow our portfolio.I currently do not have enough $$ to just go out and do traditional financing to place her.However, she was recently approved for an FHA loan.

Also ill be here to respond or answer questions.My wife is also documenting our journey on her blog if you want to check that out, she has pictures of what we have done so far.

Ill be raising the rent after first leaseAnd buying more in the neighborhood.  

I understand ill have to leave 20-25% in the house but that would leave more than enough for the renovations.

I am saving cash, limiting debt, but If I see a great deal Ill go for it.  

But in my eyes.. ill take a sure thing every day.

ARV = 235KAs is value = 225KRehab needed < 10K (mostly yardwork)Seller's motivation:Seller is 90 years oldFell ill over a year agoMoved into senior care facility, but kept utilities on thinking she'd eventually move back.

I think ill give them a try on my next list. 

Thanks Aaron ill contact him 

Chris thanks for the invite and Ill be sure to stop by May 7th.I am always happy to help anyone with any retail questions or if you want to run anything by me that you are looking at.