You can add language such as "Inspection for information purposes only" or similar to convey that you won't expect repairs or cash concessions from the seller, but you do not want to lose the ability to walk away if you find that the house is in shoddy condition and you should not trust an inspection report that is not from an independent source and provided to you outside of the seller. 

This is often an indication that they are selling above market valueDon't allow for your own independent property inspectionAre not realistic with their pro forma projections.Are their vacancy and maintenance projections unrealistically low?

While financial independence is a worthy goal, defining it this way leads to investing that’s (1) too restrictive , (2) too heavily emphasized on cash flow and (3) too heavily reliant on only one way to achieve financial independence.I always stated my goal as “ I want to have an investable net worth of $x in 5 years while utilizing a maximum of 50% leverage.  

It is worth noting that 2 of those bedrooms are in the basement which has its own entrance and is an independent unit.  

I’m especially interested in long-term rentals and techniques to enhance cash flow and ROI, driven by a passion for financial independence and building long-term wealth through real estate.I’m eager to connect with fellow enthusiasts, gain insights from your experiences, and actively contribute to this community.

@Dan Kiely Independence Heights and Garden Oaks are similar to Edo as well.

Could you please point me to the official source so I can save it up for auditing purpose?

There are monthly meetups in Independence, Lakewood, W 25th, Stow, and at the Aviator.

I will be able to do my first purchase in Q4.My investment goals are to retire from my W2 in 6 years by the time I am 40, continue my location independence and split my time between the business and writing (it's hard to give up stories when you have worked with it since you were 19).

You should run your numbers independently of a proforma to be safe.