I might be able to assist(Feel free to send me a dm if you dont want to disclose this information publicly)

At a bare bones minimum, the letter confirms the start/end dates of the lease, monthly rent, paid-through date, absence of any prepaid rent other than the current month, and security deposit amount.Better, it will include statements there are no unresolved claims or disputes or repair issues with the current landlord, and no verbal or written side agreements.Better yet, it will include a copy of the tenant's lease, and a confirmation the lease is a true and correct copy with no amendments.

But luckily, our real estate person had a few contacts that were about to assist.

Try to at least leverage for a 2-year lease.Just be sure your lease states the appliances are "as-is, where-is", so:1) You are NOT required to repair them- Many tenants abuse them, so you don't want to be liable to repair.- Good tenants you can choose to repair.

I'd plan to save any profits each month for future CapEx, repairs, vacancy until we had ~20K for this house set aside.

Occasionally, I assist fellow investors in finding suitable properties.I have two clients who are business partners who are interested in making lowball offers on various listings.

Mark, we have some units that have hardwoods that we're repairing/restoring.

@Heidi FahringerReal Estate Expertise - Are they familiar with real estate-specific tax strategies, such as depreciation, 1031 exchanges, and write-offs for repairs, property management, etc.?

Did you receive the $40k in Covid assistance they are asking you to repay?

I'm talking to the seller's broker, but I would like to find my own people to assist with the due diligence period, such as an SBA loan broker, an accountant with experience doing QoE for this kind of transaction, and a lawyer.