. 😅) as soon as we meet the last condition - get the 190k debt on the building out of the outgoing owner's name. 

There is a location where like minded investors gather in Lake forest every month that you should check out. Go

On the other hand it is possible to buy and hire management companies with out going turn key route. 

We have a meetup investor group down here you make want to check out. Go

Costs incurred prior to it being put in service (rented out) go to your cost basis.Simple to tally everything up and just add it to your purchase price essentially.   

@Mayson Madden You mortgage payment includes taxes and insurance so PITI is $1212+ soft costs of $506=$1718 outgo.

So this is my first post on BP but i've been reading topics and stories for months now and have found this community to be very helpful. Just finished up Rich Dad/Poor Dad and now on to Cash Flow Quadrants. Once i'm d...

Aside from that, I would make sure you have a clear and concise outgoing voicemail script.As far as what to ask motivated sellers, you can get most of the property info via public records so I would start by establishing a rapport with the seller. 

Nevertheless, again, if the numbers work out, go for it.

Re Fi and pull the cash out? Go