The other thing to consider is the age and if you add a second floor will the entire structure need to be brought up to code for hurricane and wind.I live in a neighborhood where the homes are older (not in florida) and the foundations are hollow core CMU and adding a second floor would not be feasible due to soil bearing.

Most of the sponsors do not have full real estate cycle experience but a relatively smaller number do.2) Most of these deals are protected under nondisclosure agreement.

It’s a win-win: investors get the capital they need to grow their portfolios, and lenders earn competitive returns with a relatively low-risk investment.It’s worth considering if you're looking for more funding options or better returns!

Doing a cross-check on that gives you more room to relatively negotiate.

My goal is to maintain good relation with tenants and have excellent communication.

It wasn't a good deal $90k because of the age, weird layout, and the bathroom was tiny. 

IMHOThere are more international students staying, I've seen it where I work (at a university), but many of the newcomers are not students and a country our size can't handle that many people in a relatively short period of time. 

@Mitchell TruongFrom the research I've done, Ohio is a great state for several reasons: it's a landlord friendly state, cap rates are 6-8%, even higher in some pockets, relatively low vacancy, lots of job growth and some population growth.

Real estate is relatively easy and straight forward.

UPDATE:Yes, we are moving forward and the numbers on the purchase price, and terms of the deal, stay relatively the same (in the big picture).We opted to pay the agent out of our pockets.