Congrats on finding a property and a willing seller!

Further, running a very quick and simple valuation based on $900 rents, 8% vacancy, 25% op exp margin, and a 9% cap rate, I'm coming up with an ARV of around $83k, so I'd pass if I were you unless you can get a much lower purchase price.

Do not quote me on this but I think someone told me the new fund was a debt fund (along with some other asset classes) and a percentage of the money raised was to invest in their other funds (ie. instead of capital calls). 

You get what you pay for, and a great contractor makes sure the value matches the price.6.

I think I may have just answered my own question, but is it worth it to put only 10% down, and waiting for the equity to build to 20% in like a year and a half, or to bend over backwards, take out a loan and go in with 20% from the start?

So one tenant pays their 50% in RentRedi and the other pays 50% in RentRedi and as long as it equals 100% at the end of the month, everything is good.

If you are selling for 1M after closing costs you could purchase two 500k properties in your exchange and own one cash and a mortgage on the second.

I've been researching and viewing properties throughout the South end area and a little bit on the North end. 

- Anthony Get connected with the CTREIA community, as well as other local meet up hosts @Brandon Rush, @Stephanie Cabral, and a great PM to know in state is @Samuel Eddinger

He liked the idea so we created an LLC and a partnership agreement and he deposited 100k into the business account.