Even during the last RE dip those types of properties were rare.When I first started buying (2012) you could get a cute bungalow in Murray Hill for $50k-$60k, easy - not even needing much work!

Its a cut and paste job if you noticed the wording of landlord vs leasor and tenant vs leasee. 

Hi All, I am a flipper, so I do not know the answer to my daughter's question as to the best way for her to pay her rent.She and 2 roommates rent a cute little home from an elderly couple that is walking distance to their college campus.

CityBldr.com is a cutting edge, high tech, data driven website to help developers find the best properties in Seattle, King, Snohomish, and Pierce Counties. 

Someone else can correct me whether a BRRR strategy actually could be used for the 1% owner-occupy rate, but if it does, then the property tax would be $400 from the example above.Agree with comments about 40th being a cut-off for anything south.

Your contacted by a solicitor who says to you they want to assist you with selling your property for a cut at closing.  

Remember you can wholesale something and your broker doesn't deserve a cut of that.  

Unless you have an existing relationship and very LONG term track record.. this is virtually impossible to find .your best bet is an EQUITY partner.. to match up to the 70% LTV or LTC HML your going to get to secure the asset.DO not GET SUCKED into those that will tell you they can do it  just need to send them a few bucks up front.. those are pump and dump scammers.. which are very prevalent on BP when you ask for money.DOHARDMONEY in Utah will do 100% but they charge 3 to 4k up front.. and then a due diligence fee etc etc.. with NO gurantee they will fund your deal.. mixed reviews on them but I have heard they acutally can close a deal.

He was really liking the transformation that took place.If all goes to plan I should  have more deal flow and capital to work with going into next year and I'd like to make him a part of the business in some way simply because of his work product and his knowledge.I was thinking maybe at first if I get projects he could bill me the labor as he does then give a cut of the profit or some sort of bonus at the end if the property is flipped or refinanced and turned into a rental?  

It's a cute house, not too big of a project, and I am super excited to do this!