@Joshua Christensen wouldn't expenses naturally be less if the seller's just spent about $75,000k on cap ex improvements? 

Quote from @Kareem Hammad: Hey guys, Im looking for information about investing in the Birmingham area.

When I go to events like this, I do go to some of the sessions, but most of my time is just sitting in the lobby chatting with people. 

It will just take time to remodel the place. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I just moved to Tyler and bought my first real estate property here and I just wanted to meet other likeminded investors in the area!

The most important thing for you to learn as a wholesaler is repair costs.

Just seems strange.

Gives you more options.- at year 7 if value appreciated a lot, can i do a HELOC on it and use that HELOC to pay off the balloon - probably not due to lien being secondary etc on helocYes on the HELOC, but it would probably be easier just to refi and pay off the seller, and cash out more money too.Hope that helps and good luck!

We now are looking to create an LLC and setup the necessary legal documents to protect both parties and layout the terms of the agreement.