I think you'll find a ton of useful content and a supportive community here!

And then you have BP and an army of experienced investors happy to answer your question or poke holes in your deal before you pull the trigger..Be honest with yourself, are you looking for moral support?

You have to know the market before you build a plan and I don't think this market supports your intended plan.

Having local family gave me a built-in support system, market familiarity, and the confidence to manage a property from a distance if needed.

Let’s connect, and if there’s anything I can do to support you, just let me know!

Add that to the $1.2M and we get a total ask of $4.7M.The $400,000 in earnings could not support that debt service and he was unwilling to lease the real estate to the new buyer. 

Rent increases need to be requested with supporting rental comps annually. 

We'd love any introductions and support from other investors, agents, lenders, or contractors in the area.Thanks,Mike

The odds of default go up significantly for those who have no skin in the game.

However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out.