We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

@Edward James smith theres a great meetup at The Black Diamond in Spokane Valley, third Tuesday of every month at 6:30pm. https://reinetworking.com/Reach out anytime, I work with a lot of investors in the area and would be happy to discuss ideas.

We are so excited to start this next chapter!!

We typically have a specific criteria of contingencies we are putting into place within the purchase and sales agreement to help protect our investor clients from many of the issues that arise when inherenting tenants.

I ask because the price bubble we are in has left rentable house prices elevated compared to rental rates.

We are entering the prime buying season - find other local investors and get their interest.With that said, there are a couple things that are unclear from your post. - The as is appraisal was for 275K,yet you are now expecting that it would be a reach to sell for 220K.

So we are in the down cycle.

We are looking to buy 900 houses across the Southeast from Texas to Alabama.

The Oklahoma market is a great market, we are a very conservative state when it comes to Real Estate.

Local PM here - we have multiple development projects we are gearing up to sell, both small multifamily and townhouses should you want to take a peak at them.