This is the exact same approach we are taking - information has gone out a few times in our newsletters over the last year and a half, with more details available upon request, along with FYIs to clients at year end or other regular meetings. 

Do you currently have enough funds to pay first month’s rent and a security deposit?

Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.

I am located in Maine and have 2 six unit buildings, 2 four units, and a 5 unit. 

The Teak plantation is about diversification and a fun secondary strategy.  

There is cash flow, appreciation, annoyance, management, and proximity to factor in over time, and as I said to Chris, the asset(s) that our kids can handle and the ones they can't.

It is easy for people to download fake W2s, ESA paperwork, etc, with a few mouse clicks and a credit card. 

We thoroughly regretted it well into the morning hours.Bad news: Most good tax accountants also have lines and a long wait, and for the same reason. 

Hey @Keenan Patton,This deal looks solid with a projected $60K profit, $435K ARV, and a $13K assignment fee in Northern California.

Ask your contractor to walk the property with you if they're available during the showing, or at least send them the photos and information that you received from the wholesaler to get their opinion.In Pittsburgh a light or cosmetic renovation is about $20k, medium is $50k, and a full gut is $100k.