I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

Hey @Brandon Toron,Given your plan to turn the property into a short-term rental (STR), you have a few creative ways to push closer to that 90% cash-out goal, even if traditional lenders shy away from it:1. 

It’s worth reaching out to your local tax office to explore options.

Good to chat.  

Hey jimmy, welcome to BP!

Hey @Michael W Hauck, welcome to the BP Forum! 

I am going to have to have my realtor make an addendum to the lease. the tenant has been paying for utilities up until this point. has anyone ever been through this?

There is no reason to look to syndications if you want to buy soon because it takes a long time to get all of the things in order.

Late fee is charged on the 5th, I start eviction on the 11th.Second, you don't have to use the court to remove someone and you don't have to wait until their lease is up.

The hospital is going to ask for it over and over again during medical checkups.