Send me a message if you want to chat in more detail (background is in live in flips, LTR, MTR, and STR).  

This type of deal can also help you minimize upfront costs, as you’re reducing the cash needed to buy the property outright by aligning the seller’s financial outcome with yours.While there may be details to work through, such as crafting a solid contract or ensuring alignment with any financing you bring in, these can be easily addressed with the right team in place.

Provide clear instructions on where and how to pay to avoid confusion.Recover Security Deposits: The current property manager is legally obligated to transfer tenant security deposits to you or the new management company.

@Nadeem Alamgir Thanks for the step by step detailed suggestions!

Provide a detailed accounting of deductions, along with the invoices, to show you’re acting in good faith.

Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.

If anything, when we plug in the details per the calculator we def have to put in higher then the estimiated 3% maintenance costs. 

Did you ask the woman for more details about how she qualified?

Without going into great detail, you are provided 50 motivated leads per month for 1/5th of the cost I have found from “retail” lead companies. 

In the meantime, would something like this interest you: https://www.realtor.com/realestateandhomes-detail/1-McDevitt...?