Quote from @Kristin Solbach: First time investor here that is feeling pretty stuck.. we want to get started in one way or the other with lot of different approaches and advice out there.

Ron Rowan’s local insights helped us approach the seller with a fair offer of $160,000.

Alternatively, I’m considering wholesaling it for a quick $20K, but I’m not sure how to find local investors who can move quickly and close within the bank’s timeframe.I’d appreciate any tips or guidance on whether I’m approaching this the right way, ways I could improve, or how to effectively connect with local investors who could allow me to wholesale this property and make some immediate cash.

I didn't want to have three vacant units at once, so I tried that approach with the 3rd tenant.

The downside of a cavalier approach to investing that relies on the hope that the investors don’t understand the risk that is being presented.  

I am following the small and mighty approach and also have loved connecting with people. 

Another approach could be to use LPMI, which rolls PMI into a slightly higher interest rate, potentially saving you monthly PMI payments.

For BRRR, after a property is renovated, they can approach a lender to do a cash out refi.

This approach allows you to present professionally and gain valuable insight into the process, which you can then replicate in-house for your next property.

This approach supports future growth while managing risks effectively.This post does not create a CPA-Client relationship.