Then the debts are "Omitted".This is usually more beneficial for a person who receives W2 income from an employer and wants to exclude their W2 income from being hit by the credit cards, automobiles or mortgages being paid out of their business checking account.There are also ways to gross up some of the income but some lenders have overlays and hit you with things rather than allowing add backs.

Additionally, if you are looking to hold long term, having new construction is going to keep your repairs, maintenance and capex lower for quite a while, typically.  

@Kayla Palmieri read the contract or have your buyer’s agent explain thoroughly as some inspection contingencies require a licensed home inspector actually inspect it, and some even require approx cost of repairs and if seller agrees to that amount then you cannot exit for inspection contingency.

I posted a lot about my experience with investing in Indy - cash flow is difficult right now and any cash flow on paper is much different on paper, especially with Class C (repair issues, crime with stolen AC units and attempted break ins with my Class C).

If they are able to sell to a home owner, its usually the home owner who can barely qualify for an FHA mortgage, turns over extensive repair addendums because they recognize they don't have the means to handle home repairs on their own and must have the home 100% move in ready. 

What I did: Purchase a duplex -> force equity with repairs -> increase rent to make more cashflow -> refinance based on the increased value and lower my payments Basically a BRRRR except as a primary residence there wasn't all that much cash put in so I only got $7k back out. 

It's a fixer upper but not too much room for big repair dollars given comps so would want to get some concession on purchase price if possible.Thanks!

When the lease is fulfilled, the security deposit will be returned to the LEASE SIGNERS, less any repair costs and unpaid charges.

Take into consideration all closing cost, realtor fees, repairs etc.

Higher maintenance and repair costs (even low to no skill workers demand 35-40% higher labor)This has led us to diversify our strategy and convert some of our units into MTR's instead of LTRs to increase margin.