BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

They're the ones working with those agencies on a regular basis and have the best referrals.As far as recovering the debt, try leveling with the tenant as much as possible so they grasp the seriousness of being sent to collections.

Was looking to save where possible in this market but the method I proposed is not worth the consequences. looks like 20% down it is!

I would be as conservative as possible in judging for cash flow. $38,000 would be amazing to get that, but of course, those are estimates and if it works out well. 

While it’s possible the machines could keep on chugging for years to come, I always like to take the conservative approach.

Is it possible to keep my land loan out of it to keep the total cost low?

Our goal is to scale quickly and acquire as many properties as possible, with no upper limit on our ambitions.

Good afternoon I’m looking to see some possibilities on how to structure a deal.

The seller will lose some rent, potentially incur costs to evict, possibly costs to clean out the units depending on your sales agreement.

Risk that you will not enter good data, resulting in a possibly seriously wrong results2.