It suggests that you should aim to pay no more than 70% of the ARV (after-repair value), minus repair costs.Example: If the ARV is $300,000 and repairs cost $50,000, you should pay no more than $160,000 for the property. ($300,000 * 0.70 = $210,000 – $50,000 = $160,000).Walk the Property: Check for structural issues, roof condition, foundation, HVAC, and plumbing.

Seeing out there if anyone has any reading lists or content suggestions for sales or negotiation in Real Estate.

The Vivid Vision exercise really does work - but it takes some VERY INTENTIONAL time. 

Hopefully it doesn’t come to that, but he does have two evictions on his record already so it’s not out of the realm of possibility.Thanks @Kathleen Leary for your suggestion for the lease.  

Any pros/cons on either or any other operator suggestions would be greatly appreciated. 

If you're targeting Section 8 tenants in Chicago, I'd suggest listing at the fair market rent of $2000.

My suggestions would be in this order:(a) Determine the type of financing you qualify for - this will short cut the process considerably and save time on investment angles and next steps.

I am looking to scale and having trouble finding deals here in Wichita, any suggestions?

You should learn how to analyze property to ensure it's going to pay for itself.A couple suggestions:1.

Anyone have suggestions of other Real Estate CPA to consider?