I was going over his financial information and saw that the guy was making over $50,000 a month and asked him what he did.

Especially about validating information. 

Overall, we are pacing up as well.

it could be a very good investment as I do not have the information to provided an educated thought on that. 

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

What I'd like to do is help homebuyers achieve down payment assistance, use a 203k or HomeStyle and potentially house hack as well.

@Robert Ellis-Multifamily and Built to Rent-Minimum 100 Units - Maximum 450 Units-Markets: Dallas Fort Worth, NW Arkansas, South Dakota, Kansas City, South Carolina and a few others-A & B Class (C Class only in main markets and must be priced very well)- Primary focus: Straight from developer / merchant builder

Well in that case - the tenant paid rent portion is $2600 and therefore is above the $2500 cutoff / not Mission Driven. 

don't be afraid of better markets in ohio like columbus. depending on the capital allocation buying old houses and having to renovate is not the only way to drive value. build rent refinance repeat and build to rent are both very strong market drivers as well and you can traditionally get infill land in areas like columbus in much better locations than where you buy.

Welcome to the community and be ready for a huge amount of information at your finger tips.