Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

@Chris BrownI would check out Fred and Tracey Rewey.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Check with your CPA if you instantly owe the depreciation recapture if you gift it to your son.

We have had very good luck with Section 8 renters as long as you do the appropriate background checks like normal.

I would check with your local banks and credit unions.

Worst case is I can still rent them as furnished room rentals, or rent the whole house as a furnished rental Check your regulations before you give up.

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

I'll definitely check it out.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.