I know there are pockets of excess in some areas and product types, but I don’t believe we’re in the end of this cycle.

So I would have to pretty much purchase for his asking price of 45k (or make a down payment in excess of 20k) so he can walk away with some money to fund the next business venture.

Several vacant units in the neighborhood.Night: fairly quiet overallAnother issue was that I was able to visit 1 of the 3 unit, it was poor maintained by the tenant. excessive trash & foul smellI am thinking about speaking with a local property manager for their opinion, I would love to hear everyone's thought here.

Don't worry about interest rates or fees until you know what the bank's risk appetite is.

Then it is more general and falls in the category of  excessive religious, political, or other decorations or putting up recreational equipment when it is not their space.

If it's a single crack running across the surface is probably due to excessive heat.

Banks have plenty of excess reserve; therefore, they are not under pressure to close quickly. 2.

I really think it's excessive small repairs and trouble tickets that are eating away at my rental income.

Most private lenders will want returns way in excess of that (think double digit interest rates), unless it's family or something along those lines.In order to make the deal work for them, you will want to structure it with an exit strategy that allows some way to convert the loan into a regular mortgage, allowing you to pay off the high interest private loan.Basically, you'll want to put together a deal just like you are doing a flip.

I find the podcasts to be really great so check those out as well.A lot of your answers depend on how much cash you have to invest, the strategy you want to pursue and your appetite for risk.Welcome to the community.