I can't emphasize doing your own thorough research enough! 

My thought would be to only offer a small amount over market, maybe $100, and instead emphasize the fact that you'll be seeing the property every few days, it will be cleaned every few days and that because of these two things, the property will stay in better shape than it would under any other kind of lease agreement. 

Hi all,As to abide by all BP rules, I want to emphasize this is not solicitation, but instead simply looking for information.My business partner and I are looking into somewhat of a set of BRRRRs on a 4-8 top and have been approached by friends with extra capital in order to fund the start of the project.

, but I'd also like to emphasize that if you're paying $600k for a 4-plex, is it a property that should already be worth say $750k?

I don't really emphasize much blame on the PM as I mentioned I think it was more or less an unethical contractor.

As far as striking the deal, I would emphasize to the owners how much you love the property and how great the market it.

Any one of the "Cs" found lacking can be overcome - EXCEPT the Credit History of the borrower.A TRUE Hard Money Lender eliminates Credit History from the equation, and emphasizes Collateral.

Surveying the area, my impression was that it was cleaner and more well-maintained than I expected.The signs for rental vacancies posted around the area emphasized on "no credit needed". 

(The point is to begin making passive income; but a lot of emphases is on "living for free" in your unit, while the other tenants pay all costs).

A close relative of mine is going through something similar now, and has no money because of the divorce, but was otherwise very responsible financially, so I can emphasize with her situation.