Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

I’m currently contacting a lawyer and will update what I learned here.

Talk this over with a lawyer because under current state law, you will not be able to evict due to the cold.

I own a MTR management company in Los Angeles, currently managing 27 properties.

Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:A triplex in MaineA single-family rental in San AntonioA single-family primary residence in Las Cruces, NM, which will become a rental when we move in a few monthsFor context, I'm an active-duty Army officer with about 12 years left until retirement, and my wife works for a university in Boston.

I currently have this property under contract, expected to close within 3 weeks.

Quote from @Matthew Orr: I am currently under contract with a wholesale deal that was to close on Monday.

Value: I am paying current market value. 

I currently live in New Britain, 06051, but prefer the other end of town closer to Central CT State University, 06053.

The whole ecosystem (and trades) is valued at hundreds of billions, but most participants bought in at well below 1/10000th of current prices.