Also, you are not going to be able to purchase a property subject to if you are dealing with a realtor. 

I have never purchased anything 'perfect' but all of my rentals could have been rented as they were upon purchasing them. 

@Chase Calhoun mainly we work with local builders but we have also purchased from the regional builders as well.

Purchase price: $1,200,000 This is a 100+ pad community located near Downtown Bloomington (Near Indiana University).

Purchase price: $1,200,000 This is a 100+ pad community located near Downtown Bloomington (Near Indiana University).

You can also let a tenant pay the lien/encumbrance off.I can swap a lien I payoff for an interest in title.Material and workmen's liens can be financed at full face value after being purchased at a discount by a clean-up contractor (one hired to complete unfinished work). 

Im a firm believer in purchasing rentals.

Purchase price: $1,200,000 This is a 100+ pad community located near Downtown Bloomington (Near Indiana University).

Hi Delroy,Congrats on your 2-flat purchase—exciting times ahead!

@Ming Huang Based on the numbers you've shared, I would advise against the deal, unless you can negotiate the purchase price down and/or rent it for at least $1,150.