Means you better learn everything bout Right of ways, utilities, building codes and tones more.. but hey.. if you don't learn those.. you will lose everything .. as REAL ESTATE is based on the land, the government laws locally, and every technical detail , laws, and technical jargon and fact including business law and contract law !!!

I'm not technically full time since wholesaling/flipping is my main business.

Annual numbers are:Built in 1984 - Seems to be a B class complexPotential rental income $900K-$1M gross6% vacancy ($60K), $20K addition income from vending/laundry - no other amenities, $65K taxes, 5% ($50K) Capex, $28K Insurance, $16K contract services, $90K payroll/staffing, $150K repairs/maint, $6k utilities (tenants pay their own), $10K accounting/legal, $5k advertising/marketing, $100K (10%) PM (is that redundant with staffing?)

Well i spoke to him today and he agreed to me paying off the rest of the house for him (16% down) and then I would pay him the rest of the “mortgage” (technically it’s already paid off but I will be paying him until I hi 300,000) and he is also willing to do a pretty low interest rate (not an investment property) Now what did you mean by financing?

They are usually short staffed.

Technically the inspection for my first unit passed, so I may wait for it to be an official repair before doing it.

If your rate adjusts higher in 7 years, you have to weigh that against your short term gains from the lower interest rate and figure out the time differential, which is to say how long past the adjustment you are still technically ahead of where you would be with a fixed rate.

Essentially, that none of the cash is technically mine even though it is in the form of my equity.

They will entertain a 1/2 seller financing but I am unsure on how this works, I have been following a lot of bp and never really heard how it works when only a portion is seller financed. the other issue is how much the bank will require being that it is technically a business not just real estate property.

Should I leave a certain door open during the appraisal so that the building is still technically a duplex?