Hard money was the best option for this property, given the condition and timeline to close.

Hard money was the best option for this property, given the condition and timeline to close.

Look at their rental history, the conditions of their previous residence, and ensure they have a good track record with past landlords.

Normally when a  property is advertised as "cash only" the property is in poor condition and/or the seller wants to reduce contingencies and opts for a cleaner transaction.

. ($300,000 * 0.70 = $210,000 – $50,000 = $160,000).Walk the Property: Check for structural issues, roof condition, foundation, HVAC, and plumbing.

You should be within $50- $100 of market rents for long-term tenants with taking into account the condition of the property.

What is the appreciation, condition, community, class level and vacancy rates?

The fact that you already have multiple units fully rented is a big plus.If I were analyzing this, I’d start by verifying each cottage’s rental history, condition, and potential for adding more units or amenities.

How long do they sit on the market, are you finding them in move-in-ready condition, or will they need work before you move in? 

That is one of my moves is to report Baselane to FTC for such fradulent practices, despite covered in footnotes in terms and conditions.