@James Dishongh - I've budgeted about 6k for plumbing repairs.

James Orr Real Estate Agent from Fort Collins, Coloradoposted 3 months ago(Hey SBB: I found this and believe that this guy and his friend will have some get info for you!)

@James Wise I was planning on getting a mortgage in my personal name but then considering whether there is still value in transferring title to the property to an LLC.

@Jeff Erickson, aah, from what James pointed out above, it seems that what you meant when you wrote "This house is asking $117k and has several comps in 50-60% ARV range", is that $117k is 50-60% of the value of (some) recently sold (ARV) comps?

I think it was from James Wise... please correct me if you recognize it and it’s someone else’s system.

@Shital Thakkar @Eric James I appreciate the input, and think this gets largely glossed over in the majority of  discussions here.

Originally posted by @James Wise:... 

Anyone know of any title companies that are investor friendly that close in King and Pierce counties?

sounds like you have a great opportunity. i recommend the contact for deed route. as you mentioned you can get a lower down and more flexible terms. if you can get a 10-12 year ballon payment you should have no problem refi'ing out prior to that with a conventional loan and pay off owner contract. i would try to get the per unit down. you could try to show the total amount you would be paying when you add interest into the equation and see if he will come down on asking price, at least to market if not below. as well as play up the continued cash for with zero management headaches. ultimately if it cashflows well and you have good fixed debt for 10 plus years my experiences has been that price per unit is less of a factor. cash flow is king.

@James A. the GCs I've spoken to have been experienced guys who deal with both investors and homeowners generally.