.- new electrical box and run a new line from the house to the street- installed new vinyl windows throughout the house- installed two new interior doors and 1 exterior door- had some minimal plumbing work doneWhat made you interested in investing in this type of deal?

We're used to covering the closing costs (usually minimal because when seller's call us there's no need for an agent or commissions).So, even when we have a seller who could pay the closing costs, as in example 1 above, we pay the closing costs anyway because they need the extra motivation to say yes to our offer.

But the SFH 3bdr home is 15% below market value and needs minimal repairs.

This is what I have so Far 3 bed 2 bath  plus car garage in the 38016 zip code   Built in 2010 great neighborhood very minimal repairsARV 170,000Loan Balance 152,000Current mortgage payment 850$Can rent for 1200-1300 easily  ..   

I have to agree with a lot of the folks here - its all about doing your homework and having the courage to act.It's encouraging to see many of you described your feelings with the same languae I would use to describe mine during that time: "addicted"  "research" "the right numbers".If your pursuing a loan to make your first purchase, I would establish a timeline and work towards minimizing your debt to income ratio (if possible).

I already politely declined attending but I agree with some statements above that it’s good business and we (tenants and I) are on a closer interaction platform (I’m usually in the neighborhood, quickly address any issues that come up which are minimal) and potentially in the future they will rent longer or purchase a home from me.

It is not my responsibility to minImize my profit, supplement someone’s rent, or in any other way be responsible to provide low income housing.   

At the end of the day, the overage is minimal considering the level and quality of the product we are getting.Pricing on As-Is UnitsThe units that are being renewed are getting $90 - $190 premium to in-place.Pricing on Renovated Units Two 1x1 units have been leased at $825, which is our ask.

Using these attributes will minimize risk.A good property management team will screen tenants for the credit and job history which will minimize the risk of the example you pointed out.

I also need to go about it in a legally acceptable way so that I am minimizing my risk of lawsuits and liens.