The question still stands though.

It took me 10 minutes from walking onto the grass of the building to having an agreed offer with the seller on site.Today, I stand at 14 buildings, and 20 doors, with a rolling 93% occupancy rate.

(Seller needs the equity out asap, so seller-financing is out)As for the deal itself:       Located a few towns over from me (but not far enough where management would be a hassle), right near the better part of the borough, near the middle school, very close to stores & very close to where new construction is being planned & the area is on an upswing.2 - 2 bedrooms (1150-1200/each)4 - 1 bedrooms (850-900/each)Going inside it this week, but from my walks around the outside, I'm ballparking about 100k in renoSeller asking for 200kTaxes as-is about 6500Seller states all zoning approvals & site-planning have been completed, only thing left to do is pull permits and put nails to woodAs of right now, my immediate plan would be to sit down w/ the commercial people at my lender's, assess my standing, and start all the other due diligence common with a typical, residential purchase.

I will obviously disclose everything to the lender and make sure that my DTI still stands acceptable (and I have seen the HUD requirements to get a carry-back approved, and met them all). 

Once you have enough reporting vendors your company will be able to stand on its own as a borrowing entity.

The guys that need work are standing on the street outside Home Depot and most of those you don't want in your house.

Not every property will work for you, but there will be a few that stand out.

ARV stands for After Repair Value.

Every time I have a vacancy, I always smile at the fact that 9 times out of ten... shoot, 99 times out of 100, it's the woman who makes the phone calls, asks the most questions at showings, handles the paperwork and money...The guy just kinda stands there.Just an observation...I have a vacancy now and it's always a woman that calls.

I like that thought, and yes, I stand to loose a profit if I don't do this and yes, the flip should work fine and a plan B is in place as well.