Currently doing 3 renos, having an EDEN inspection today that will pass and closing on two more Friday, again all from OOS. 

Stay focused and close on the property, do not let an out of the blue crime destroy a future REI and cash flow. 

@Kyle Carter just because a building has all section 8 tenants doesn’t necessarily mean that the cap rate will be higher on exit but it might attract a buyer(s) that are focused cashflow and not appreciation; therefore a lower price to juice the yield.One of my non negotiables if I were you would be to only buy in an area that is desirable.  

Now IF you have all those bases covered, my tips are: Take GREAT pictures and for the love of all that is holly please no close ups, wide angel pics.

Ask if you title company can do a double closing and if they know what assignment of contract is.

If you can rent 3 units for $2,000 you are close to breakeven.On the plus side, you will have a highly attractive asset and several decades without much cost of capex and repairs. 

I have a deal that I am supposed to close on in 2 days. 

HiI was looking at some AL properties on RTR websites in Montevallo/Birmingham area which look good on paper; $260K-$270K range and close to $350/month cash flow after PM fee.

My goal of refinancing was simply lowering our monthly spending to reallocate towards future investments.

For me as well as the seller.First, you have to define Sub to financing.Do you mean the reckless kind where you overpay for a property, take over the financing and borrow from others to cover closing costs and holding costs when you have no money, no credit, no income, no reserves and can't tell a warranty deed from a deed of trust and you close on the kitchen counteror do you meanbuying below market value, already having a nice income, having reserves, using escrow and title, already understanding the due on sale clause, have done a lot of creative purchases and know when to use and when not to use creative finance and how to recover if something goes amiss?