Numbers always look good on paper but between holding costs when acquiring and renovating property, closing costs on can also add up.I am not saying it cannot be done, as I did it with about 75 loans in a very similar fashion (except I was buying NPL's and got them reperforming).

Tenant was acquired with property upon closing(they have lived in their unit for 2+ years with on time payments).

When we create our business plan, we also include our exit plan.We'll only proceed if we can clean this up, acquire new tenants at higher rents so we can increase our NOI, which in turn should reflect our cap rate and profits.Since this asset class is new to us we will tread cautiously.Scheduled to preview tomorrow. 

Or can you acquire another business in an adjacent field that increases profitability?

Do you acquire properties on top of being a realtor? 

Do you have any idea of the prices of the properties you might acquire and what the rents would be for the units you'd rent out?

From there, it requires the ability to conduct underwriting the highest and best use of a planned project, which requires a pro forma built by the user or acquired from a competent 3rd party. 

Since he doesn't seem to have been able to acquire that sense through the school of hard knocks, he's not going to acquire it through sweet reason spoken to him out of his landlord's mouth."

Start by using a land trust and transfer the deed to your LLC later, once you’ve acquired a few more properties.If you’re willing to move and remodel, consider getting a 30-year loan on your next property.

They are the development team we refer people to the most.We’ve acquired several properties from them and have been impressed with their pricing and benefits, thanks to the volume they build at.