The quality of modern lumber is simply far inferior to the quality of lumber they were using to build homes in the early and mid-20th century.

The buyer does not need to use that particular lender, they are simply trying to protect their clients interests the best they can.Go back to your lender and get the pre-approval letter, else your offer will likely not be accepted.

Great alternative to states that are cracking down on assignments  or having to try to  juggle double closes and all the marketing expenses that those that never close on props have to do.. this was simply listed on MLS and sold. 7th transaction that JLH has provided this client since Feb. 

You might not be able to beat that top earner if they have something you can’t achieve (ie lake front or better views), but knowing what amenities matter in your market is an essential step in determining what you need to provide. 

You determine the rent rate, not your tenant.2.

Are you simply finding the owner via the list of tax delinquent properties available on ALDOR?

That said, the seasonality of your locale and population who require 1-3 month housing will determine whether the calendar will fill.  

So, I know this is getting a bit off topic, but regardless of basis per unit, I simply don't see a property with $37k NOI today nearly doubling NOI when the incomes are that low for the area.  

This will determine how you split it 

Determine if you naturally side with thrift, or with free spending.