Levi T. .

Greetings everyoneAfter watching the BiggerPockets Free Webinar: How to Find, Analyze, and Finance an Incredible Rental Property Deal and readingThe Ultimate Due Diligence Guide for Buy & Hold Propertiesby Matt Faircloth I thought it would be a great excise to find a home im interested in and see if i can actually analyze a deal and complete the sale if the numbers worked.OK so i found a 4plex on realtor.com in Michigan all units undated since 2010, 2444SQ ft4 1bd/1bathList Price is 324000Rents for 4 units is $2500Taxes $3100Insurance $ 2000Gas $2160 yearlyEletric $720 yearlyWater$1520 yearlySewer line insurce $88Land License $300When i asked for copies of other  items the realtor told me the property has been miss mangaed the above was the only thing he could get on the property

Check your state laws - I'm not from WA, but seem to recall that Washington levies a transfer tax that makes double-closings very unattractive (have to pay the tax twice) there.  

I'd strongly suggest that you not try to buy houses during the owner occupant period and then wholesale them - HUD takes a very dim view of this and has pretty steep fines they can levy if they find you out.You'll need an agent to submit offers on hudhomestore.com.  

The best option is for the HOA to enforce the rules and levying fines, asap.

You said that you don't see risk to yourself, but what if the IRS put a tax lien on your property or worse yet a levy. 

@Levi T., @Cody Evans, @Jay Helms, @Garry C., @Bobby Nilsen, @Steve DellaPelleI like the fact that every day is different and as long as I can be out and about and not tied down to my computer 24/7 I'm happy!

Originally posted by @Levi T.

@Levi Ballard @Dylan B. what type of fees are associated with Cozy?

Our goal is to balance our protection against problematic scenarios that might arise (late rent, diminished care, eviction) against levying undue or excessive documentation and due diligence (credit checks, applications, etc.)