@Ivan Barratt - you are to blame for my descent into the K-1 details as you showed me just how little I knew about the topic but how critically important such knowledge is! 

This is a very important topic, because it is critical to understand when making decisions.

@Mark ZarragoitiaThe relationship and fees will depend on the type of advisory company, but having an expert on your side is critical when investing in non traditional assets. 

Hello All,I have been identifying properties in the Richmond area that I might consider purchasing but wanted to see what the average cost of certain critical factors were.

Also income from the other units would be considered.Given what you are saying, you are likely working with limited income, so rate is going to be critical for you.

I haven't done a lease option before, so again would greatly appreciate any criticism and feedback.House is a 3/2 in a very desirable area.

Feel free to shoot me any questions, criticisms, or tips!

Assuming, one has picked a market/sub-market (based off market research criteria), the critical factor, for us, becomes exit cap rate. 

The approach to invest in a single-family propertyis critical in that you must evaluate your options and make a decision based on proen success in the past years .

This is  a deal will be bought in foreclosure fixed up and then rented for 3-5 years  before we sell.Can you please be a critic of my logic in buying all cash in a market where a refinance does not make sense. $2,500.00 MONTHLY INCOME$1,739.50 MONTHLY EXPENSES$760.50 MONTHLY CASH FLOW2.41% PRO FORMA CAP RATE$9,126.00  NOI$295,800.00 TOTAL CASH NEEDED3.09% CASH ON CASH ROI4.56% PURCHASE CAP RATEAfter Repair Value $379,000.00I will Sell the Property in year 3-5 years with a $92k-$139k in profit.