Income over many years-weather plays a big part is the success of a wash, you want to see REAL numbers for st least 3, more like 5 or 7 years to get a better picture.Sellers mindset-is he really selling 2 of 3.

We live and invest in Phoenix AZ so we don't want Vegas due to the extreme weather like Phoenix.

Look for properties with potential for value appreciation, understand local market conditions, and be prepared with financing options.

Then, find out how much they'd like to sell the property for given its current condition and local area comparable sales. 

I'm talking (2) $60K duplexes, and one $125K fourplex all above 2.2% rent to price in fair/good condition. 

However, the condition of the property was much worse than anticipated, which prevented me from further negotiations.I have a rough estimate of the necessary repairs, but the challenge is that an investor might see this as either a full gut renovation or a moderately heavy project.

I saw the potential for a big profit margin based on the current market conditions, and what the house was currently listed for.

.- Contract Details and Terms: Carefully review the sales contract, including all terms and conditions.

Then you have whatever time you negotiated (often 2 weeks) to remove conditions.

We have an existing 5 car garage which I plan on converting into two ADU’s, and an existing 400 - 500 sq.ft conditioned space that is currently not being used for anything.