I see a lot of new investors buy something turn key and end up either over paying or due to the market not being able to refinance for 5 years.If you have any questions feel free to reach out or email me I enjoy helping BP members.

If you go to court, there's some cost to that and you'd be risking more escalation if they sought counsel as well.My approach for problem tenants is just appease them if the cost is minor and then not renew the lease, or even cash-for-keys if necessary.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

The property manager is the key to your sucess if you are investing out of state in section 8 rentals.

Not following the requirements (within Seattle city limits will likely have additional rules and regulations) opens the seller up to liability.Additionally, the seller always has the option of offering "cash for keys" arrangement but be sure that no funds change hands until after the property is vacated and locks are changed.John

Replatting and renovating could definitely add value, but working with someone who knows the local zoning and permitting processes will be key.

Also you would not reduce the price because of the interest payment. that is not how it works.3. yes the note could be sold, but at what type of discount and what if the borrower stopped paying.while there are a lot of posts on seller financing, some estimiate less than 1% of all transaction have seller financing and the ones that do are first position only with an average of 30% down payment - most of these are to people who do not have verifiable income.Thinking you will get conventional financing then seller financing will be uphill battle as the conventional lender most likely will not approve a 2nd mortgage for purchase.not trying to dissuade you, just wanted to provide some key insights so you do not spend 1000 hours chasing something that is impossible to find.

@Reeves Bennett, Your property sounds fantastic, and the key is targeting the right buyer while showcasing its value.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

I agree on a key metric to track is proforma vs actuals.