Andrew Pariser of Long and Foster was a wonderful help in assisting me to find the property and negotiate the deal

After $100k renovations, $1million property with up to 8.52% cap rate,2br,1ba (900sqft): $1500-18002br,1ba (1200sqft): $1800-20002br, 1ba (around 1000sqft detached garages):$1800-20002b,1ba(650sqft):$1300=$85,200I am hoping to get a chunk knocked off the price as it is a cash purchase and it will be appraised as a triplex not a quadplex, and I will also include the 95 page Inspection report with the GC quotes in the Inspection Objection which is due June 3, 2019.As a final note, I would be completing a 1031 exchange, thus deferring a total of $138k in taxes (thank you to Dave Foster who is my 1031 Exchange Intermediary).  

@Dave Foster thank you so much!

Originally posted by @Dave Foster:@Kat Hughes, It's true that you make your money when you buy the property. 

You could house hack one of these but without the appreciation acquired over time or the value add, your profit will be consumed at selling.I agree with @Nick Foster on get to know the area before purchase but I also think that it takes at least 5 years (without a value add) of ownership to have a decent chance of being financially better than having rented (due to the selling costs and the likely negative initial cash flow).Rent. 

@Dave Foster, have you seen this? 

@Nick Foster.

I called them and explained that it was just a large, regular, family home that was used for our family and our foster kids.

@Dave Foster is the go to guy.  

•Completed a realtor class through Long and Foster and need to take PSI to get the Realtor license •Have about 20K in savings •Goal is to buy a 200K house(Northern VA) this winter and rehab/Flip by spring 2020Mainly Looking for •How to acquire funding for a purchase/rehab•A mentor to guide through the processAny tips, courses, skills or anything else would be great!