When looking for cash flowing markets.. a lot of investors, including myself, are looking in cities like Cleveland.

(myself included).

My Dad had contracts that had 4 copies in them no need to have carbon paper NCR paper they called it.4 different colors .. the contract was one page and it included the escrow instructions..

And thats not including how long it takes.

.: I didn’t realize the closing statement items were handled a different way and not included on the SchE.

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

@Jon LaBorde An estimate like that is going to be useless for you because it depends on so many factors.

Forgot to mention, most accountant, myself included, have a secure portal to upload documents, many of the documents come in electronically anyway, so it really is very easy

While this can maximize leverage and ROI, challenges include getting lender approval for seller financing, high carrying costs, and the pressure of short-term loans.

Professional Deep Cleaning – Before listing, he had the property deep cleaned, including carpets, baseboards, and bathrooms.