Hey Everyone,I’m 20 years old and excited to be closing on my first rental property on 1/31!

I've considered areas close to the Falls, but sellers seem to price it a lot higher assuming the buyer can make it up renting it short term. 

We should be closing by the end of the month and the tenant is already in place.

For example, for this one, there are 5 4/2 in my area and they have close to the same condition as mine.

I would say any rehab project would need to be fairly close to me.

When they book it just be close to that price.

I'm offering $115K cash and can close as fast at the inspections and title work can be done. 

Wanted to still be close to family but maintain a cheaper lifestyle, still have strong appreciation, and much better tenant/landlord laws, taxes, etc. 

I have somehow managed to close 13 deals my first year while fully time Navy.

Duplex appraised 380 (super ****ing low ball) brings in an estimated 3,900 a month in rents. buyer agreed and SIGNED addendum to purchase at 397,500. day of closing they dont show, tell us they didnt know what they agreed to pay over appraised value and are trying to get us to accept 386k. my agent had me lock in our month to month long term tenant to a year lease for THEIR lender and now they pull this.. they have only 5k in escrow account.. my agent wont reduce his commission from 3%-2% to help bridge the gap. suggestions??