It’s also worth checking if there are any incentives, especially for first-time investors or through FHA (if house hacking).Final Thoughts:A 5% COC return isn’t the highest, but if you see potential for appreciation, rent growth, and forced value through renovations, this could be a good deal to launch your investing career.

Having been in many aspects of real estate throughout my career my favorites are ground up construction and note investing. right now note investing takes the cake as it can be done in any environment whereas ground up right now is very challenging. 

My real estate agent, who has a long prior career history in construction, seems to be happy with both the properties and has inspected them in detail and also been under the crawl space noting new plumbing, electrical and foundation sister-in-law beams too.As mentioned it is looking very likely the current buyer will not meet the closing deadline at which point I am next in line and have got price agreed with the back up after a few phone calls today. 

Another issue is transferring property management.If the new PMC doesn't have a Rhino account, it gets difficult.

Have a very tight screening process, like we do, and it will be difficult for these professional tenants to get in.

Obtaining copies of two more tax returns used to be a difficult task for the auditors, due to their antiquated technology.

Its difficult for you to access the quality of work in the pictures.

to sum up:buy outright with a mortgage - you're in a long term relationship with a bankbuy on seller finance - you're in a long term relationship with the sellerbuy on sub2 - you're in a long term relationship with the seller AND the bankgood sub2 and seller finance deals are very difficult to find.

I, actually, purchased a property from them in PA a couple of weeks ago and it has been quite difficult dealing with them. 

This is straight out of my paperwork: Loan Program: 30 YR FIX - SEQUOIA - DSCR >= 1.00 - 5% PPP - 5 YR PPPAnd getting back to the initial post - as usual, we only have the information the OP provided, so it's difficult to advise, right?