I am confused now but will sit down and write my alternatives. seems like worth a try on my own before throwing money at services like Deal sauce or prop Stream (sponsored by BP)thanks, Bottom line.

I am trying to figure out what to do with this property and would love to hear your thoughts or ideas around this.The rent is below market but the apartments arent updated.Options:-We could keep the property and make the repairs, but would be at a loss for a couple years until rent covers expenses.

When I am looking for a new investment property and am strapped for cash, I typically look off-market and try and find something that can a seller is looking to sell that needs minimal repairs to be rent ready and the purchase price is 80% of the ARV this way I can use private money to buy in cash, do the repairs needed then refinance on a DSCR loan and pay off the private money loan. 

If I stick with my numbers and I'm trying to buy a duplex that rents for $3000 in today's 7.25% interest scenario, I'd have to not exceed $154,000 of debt at that interest rate in order to hit my numbers.

If one of you does not have an FHA loan, what is it you are trying to accomplish?

However, Amendment 1 introduces a new layer of complexity by trying property tax increases to the inflation rate.

This last year I've been trying to really learn the business and begin to market for properties.

I don’t know what’s going on of course, but I can offer the possibility that the seller tried to negotiate the bill down and the contractor realized he was being squeezed so he took action.  

A lot of real estate contracts include due diligence periods for exactly this reason.If there are no contingencies, you could still try negotiating with the seller.

I am trying to build a database of local rehab costs.