It sounds to me like classic PreReo, I know exactly what your talking about once you have signed a few forms.

So if they happen to appraise for less for whatever reason, it’s back to the table to resolve or negotiate that price difference.What we don’t want to see is our investors paying more than the fair market value of any property.Thanks again for clarifying JC.Continued success!

There are times when we see deals on the table that won't produce any cashflow or not enough cashflow to meet our target hurdle rate but the tax benefits or appreciation potential may make the deal attractive. 

Just curious - what tool are you using to create these graphs and tables?

Will bring cash to the table.  

They key is to find out what you bring to the table to others; in this case to my mentor, my clients and eventually to my business partners. 

At the closing table I received the rest of December’s rent from the previous owner.

You might want to consider using your equity in the land as your contribution to a partnership with someone that brings that sorely needed experience to the table.

I'm coming up on policy renewal and, unfortunately, Obie no longer has a realationship with that carrier so I'll be curious to see what they bring to the table as other options.Overall, nothing negative to say about them.

If you are already planning to buy out-of-state and use property management, you are leaving money on the table and may want to look into more passive strategies since you don't seem to want to do management and you will still need to manage the manager.2.