This creates a negative initial position.

It may pencil out if you're building an extra unit, but just a single bedroom is not going to work.

Purchase price: $92,000 Cash invested: $30,000 Bought as our starter home with intentions of renting out after a few years of living in it.

we are seeing more and more of this.

How did you finance this deal?

If I represent buyers, I like to include my name and contact information along with a sentence that if anything changes after the signing but before the sale, the tenant is obligated to notify me in writing or it waives any of those changes.Buyers might have other tenant concerns that are specific to a property.

Quote from @David Mancia: My Name is David Mancia, and at the end of last year I finally took the plunge and decided to contact RTR to buy my first out of state property, and I was contacted by Ms.

Im using Daniel Hyman's service this year, MyOnlineAccount, its nice being able to just upload all my docs in the cloud to get this started.

I am starting out part time and looking to park my license with a brokerage.

I would do the shower renovation first, then take the cashflow and stash it for a rehab after this tenant leaves.