Thanks so much.Town- East Hartford CT Units-4 (fully rented) (3000/ month) (All 1 bedroom units) Taxes-6100/year Rent-750/each Repairs needed - roof (will try to have owner pay for cost of roof at closing 10,000$)Future upgrades- convert the attic into a extra bedroom so two top units with become 2 bedroom units (rent will increase to 900/month for 2 units), replace all windows in the house, install coin operated washer/dryer.

Good time to be a home builder with 12 under construction and 4 pre sold... sure beats being a seller in 09 and 2010.PDX is uber competitive on the fix and flip side of the coin.. but people do it every day.It finally dawned on me to go for larger deals.. less competition and I can work in the same spot for a few years. 

I would like to add that I just asked a prop. management co. in CO if having a RE license in that state was a requirement to be a proper management co. and he said no, and added that that's a common misconception in CO, and that none of the seven people in his office have a RE license.

As you get down the road paying that note off, you would likely be in a better position to obtain bank financing based on equity in the property if that became necessary.If your lender will be making one or two loans for longer terms, a self directed IRA custodian like Kingdom Trust Co in Kentucky would be a good option.  

Built in 1922 property brings in about 2650 a month in rent and money from coin operated washer and dryers.

I highly recommend getting your own title co in these circumstances.

I could look into converting one of the decommissioned units into an onsite coin-op laundry for additional income, or convert to rentable storage.Unfortunately, I have to supervise a job this evening and have a prior commitment tomorrow evening, so I will have to just do my best to make it to the next meet-up, I think that they are fantastic networking events and I'm doing my best to spread the word to friends who are interested in real estate.

I would think that both parties would be splitting the closing escrow fee and in my state, the seller (bank) will usually cover the cost of standard title insurance which is why they will usually make you use their title co in order for them to pay that.

My biggest and most important lead pipeline is COIN - short for - CENTERS OF INFLUENCE NETWORK.

I'd be over to the properties asap and disabling the outdoor spigots and changing out the washers with coin-op.