Yea typically I wouldn't care because it's clearly three units an there won't be an issue getting it zoned for a triplex It would appear, you've never addressed this issue in real life - - zoning changes, wavers are a BIG deal and easily kill our assumptions and the deal. 

@Waverly Rennie, the house was a complete interior gut job, including all of the wood flooring which was 75% of the house, and needed all new windows too.I ended up making an offer on the house that I felt comfortable with, but it was rejected by the seller.  

A lease doesn't give you authority to rehab it or obtain building permits or obtain materials which may be subject to lien wavers which a supplier will want nor to hire labor or contractors which would have rights to place workmen's liens.

or purchase for $325K cash$$$$ Cash FLOW 8 plex New Waverly,TX$$$135 West Dr & 175 West DrNew Waverly,TX 77358Current payoff: 4 notes (2) 119K mortgage at 8% interest only and 2 notes at 28K 11% P&IEstimated ARV: $420,000Repairs: $16,000 per sellerBeds:2 Baths: 1 Sq.

I'm wavering between a parking spot vs. the concept of an addition.  

VA doesnt have one but lenders waver around 580-620.

Just be carful. sometimes with new investors excitement can overcome their ability to reason.If you understand the numbers thoroughly and never waver from the formula that works you may be OK.

Do not waver or they will take advantage of you.  

Is there a link to download a subject to mortgage agreement, Im also looking for link or site where I can down load contracts for wholesaling , contracts with general contracts with there a time limit frame, and also a lien waver the contractor should sign when they are pay when work is done.

Is there a link to download a subject to mortgage agreement, Im also looking for link or site where I can down load contracts for wholesaling , contracts with general contractor with there a time limit frame, and also a lien waver the contractor should sign when they are pay when work is done.