I don't need to add another unnecessary layer when I could just invest in some passive approach that is much easier to manage.

If the numbers make sense, the plan is to approach the seller and attempt to get a lower price for this "2-story" building which has vacancies, since that's what the owner is selling.

It's all in how conservative you are in your approach to underwriting your deals.Even when a Seller says they've improved the property, the tenants are still tenants and do damage to brand new improved units. 

So now, instead of feeling excited about a new investment, I was scrambling for cash, stressed beyond belief, and facing major repair costs with less rental income to offset them.That experience completely changed how I approach real estate.

They each have their benefits and challenges.

Depending on the severity of smoke damage and structural issues, it could be a huge challenge for first time flip.

I appreciate your proactive approach to connecting with fellow investors.To answer your questions:• Introducing Yourself: I recommend crafting a brief yet detailed introduction that highlights your unique experience and the markets you serve.

When it comes to finding good wholesalers, a few approaches have worked well for me and others in the industry:1.Local Networking & Meetups:Check out local real estate investor associations and networking events in the Akron/Cleveland area.

Two things not covered so far:1) If a buyer challenges a seller-financed transaction, the Dodd-Frank penalty is that the lender must make the buyer whole.

When it comes to the STR game, differentiation is critical, and that can be challenging with a 550 square foot oceanfront condo.