Currently underwriting 35 SFHs being purchased as a portfolio by a PE Firm in order to push rents via ADU developments.

Investors Beware: I strongly advise against blindly trusting the data provided by turn-key investment providers. 

Living/Dining Room:Demo & Prep ($1,000):DIY carpet removal and ceiling work.Professional for electrical work.Flooring ($2,250):LVP or good-quality laminate.Paint & Trim ($500):DIY painting.New trim.Lighting ($1,000):Update existing fixtures.Drywall/Plaster Repair ($300):Patch holes and make repairs.Window Treatments ($500):Blinds.3.

If you’re not calculating cash flow, cap rates, and ROI, you’re flying blind.

The bank might turn a blind eye but if they get audited, your loan may become due.

Assets identified in this study include:Appliances: Dishwasher, microwave, oven, refrigerator, garbage disposals, rangesInterior Finishes: countertops, ceiling vans, vinyl plank flooringFurniture and Fixtures: shelving, built in cabinetry and decorative light fixtures, blinds, shuttersSpecialized Equipment: Electrical systems and specialized wiring, television connectionsSecurity and Communication Systems: alarm clock outlets4.92% of the total depreciable basis was classified as 15-year class life.

Seller should record their lien against the property, you both should have an attorney review to make sure all interests are property documented and protected, and i think everyone is in a good place. as far as evicting tenants... this is up to what you and the seller can negotiate. i would still be putting on the same contingencies - appraisal, inspection... know what you're buying. don't get blinded by the seller-finance piece. 

Too many newbies seem to think they can blindly follow "old" advice in today's real estate market and be successful.Many, basically get taken advantage of by those in the industry that have an incentive to keep newbies blind to new realties, just to keep their good times rolling.What many newbies have figured out is that they can't make the numbers work on rental purchases in their states - like California, Arizona, New York, New Jersey, Washington, etc.What they have NOT figured out is that if they go to cheaper markets, they aren't being shown Class A rentals to buy.

My last claim to fame was working on set for Season 1 Love Is Blind on Netflix also as a wedding photographer. 

I don’t want to waste time (or money) bringing contractors to properties I might not even buy, but I also don’t want to go into a deal blind and underestimate the rehab costs.