They will be one lease to a room.That being said, the nonprofit will be filling the house based on their need; I will not be screening nor accepting/denying applicants.

I’d greatly appreciate any insights or advice based on your experiences.

What sticks is based on how you throw it, not how many you throw. 

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

@Rachel Seymour-NewtonIf the smaller property is a strong deal with solid cash flow and tenant demand, it could make sense to buy now and start gaining experience.

It'd be great to touch base to learn more about your investing background and your Kansas City project.

.- Getting under contract and then reducing the price because of findings is common, but major reductions are likely to tick off the seller unless you have strong justification.

Totally agree , and when a home inspector looks at a house built over 100 years ago and writes a report based on current codes . 

Vote yes/no.I am talking to a true PM lender based in FLA that I'd like to work into my group. 

We could have held off for a higher offer as the market stayed strong.