My job is to make sure the deal is actually a good one, and that I can keep up my end of the deal with timeframes and projected profits.

Are you going to sell at TOP DOLLAR and in the TIME FRAME you desire?

You'll pay them a % on the funds usually an apr(annual percentage rate transactional lending is typically used for a very short time frame, maybe 1 day.

Once u know her reason why, major repairs and her time frame, u can then meet with a more experienced person and give them that info.

That would seem like a more efficient way to handle leverage for inexpensive properties like that.

What is your time frame to what you are trying to accomplish in the long term (aka your investment horizon)?

I would like to get into real-estate with-in a couple of months-almost a 5 month timeframe here, and I figured the best way to get my feet wet would be to obtain a real-estate liscense. ?

For my bank particularly there is a 12 month min timeframe from the day you close and record your loan before you can remove the pmi so each institution may vary.

Seems like real estate there is really inexpensive so maybe good for buy & hold investors.

Current owner stated about $20K in expenses for last year.The building is not a true triple net lease as the landlord is responsible for the roof/parking lots, but the interiors of the building, restrooms, AC etc are paid by the tenants.Looking for Cap rate info and expense ratio info.Thank you!