Hi Ian. 

By no means am I an expert but I'm always willing to share what has worked for us. 

Tell me; am I an idiot, or is this deal doable.Market: Austin, TXProperty: 4-plex in 78724 zipcode, built in 1983, some deferred maintenance, but nothing majorMy offer price: $256,500Total rent roll: $3,050 a monthFinancing: 25% down, 3.85%My thinking is that I can do a few basic repairs and raise the rents by about 10% in the next year, and then raise at market rates after that.

@Michelle Ho, check out @Ian Ippolito's website (link is in his comment, above) for more info on (1) how to vet these platforms and (2) the results of the many hours of vetting Ian has already done so far. 

So, if I put baseboard heat in, I'd have to upgrade the service to 220, or I an keep the 110 and put in a furnace for about the same costs.All the duct-work is still in the property and is in great condition.

Ian B,This is a legal question that should be only answered by an attorney you hire in the area where the property is located.

Check out Ian ippolitos website for some good info on the cycle

@Ian HarrisWhere is it located exactly?

@Ian Parkinson Greenstate Credit Union has been great to work with! 

Hello Fellow BP-ians!