Tims program is amazing.

@Keith Mintz, it would be amazing if i can get a link on how to get the JADU permit.

I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???

The food is amazing!

Hi Erick,Nice to meet you, BiggerPockets is an amazing community. 

So I took the leap, thinking the software would save me a lot of time.Using the Pin software, I located and visited a couple of homes in Marco Island, FL.There were two homes on the same street, both listed as “bank owned” and “vacant”.As I’m standing at the front door of property #1, the door opens & I am greeted by a very forgiving woman.

Most of the good stuff trades off MLS so you need a realtor who is tied into the local investorsThank you all for this amazing information.

Total cash needed shouldn't be $080LTV on the refi is hard to come by unless you have amazing cash flow (lease in hand) or they will take market rents.Monthly landscaping seems a little high5 month timeline is fair.

You don't want to keep a woman that moves in without permission, and you don't want to keep a renter that moves in his unauthorized girlfriend and kid.I would give the legal tenant a written notice that his lease is terminated.

I own 4 single family homes in Brookside and it is an amazing place to have invested.