But at a $1.5M asking price, as long as you don't have to spend more than $300k in rehab (without raising rents), this is a slam dunk deal that should easily be financed  at 75% LTV by a "investment real estate-friendly" bank/credit union that is located fairly close to the properties.

If you aren't getting a real deal on it then why would you buy it? 

.- Appliances, same than flooring.Remember that in real estate everything is negotiable, and during the option period you have the unrestricted right to exit the deal.

Great tenant that always pays on time - been there for 5 years Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Hi Allison, This is definitely something you would want to get advice on from a CPA, preferably one who specializes in real estate.

Really wish we would have learned how to better utilize buying real estate and finance and how life changing it can be.

Go ahead and file.In real life it costs you time to figure it out and money.

I'm a new real estate investor and I recently picked up Brandon's book "Rental Property Investing"..

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Definitely focusing on offmarket or even on market multifamily homes (minimum 4 units). started off in real estate development last 2 years but the paydays are brutal building then waiting to sell.So now looking to switch up strategies to purchase cashflowing properties and then get back to ground up construction or even possible fix and flips.