They have a formula based on the property and its features as well as the tenant's income and expenses. 

That's why I'm focusing on education first; I want to set a strong foundation before making my first deal.Apologies in advance-I'll be asking too many questions, just to warn you-but I really feel delighted to be aboard, learning from each and every one of you and subsequently sharing my own successes.

I really want to do local meetups and interact with more advanced investors but don’t know where to start.

The interface is user-friendly, and the reporting tools are especially helpful for tracking property performance.One downside is that it can be a bit pricey for smaller portfolios, but the features have been worth it for me.

Bottom line sub too is an advanced strategy that should only be done by Experienced investor with significant cash reserves or access to lending/like substantial LOC that already exist and can be taped at a moments notice. 

Regarding next year’s lease terms, I’ll be reviewing everything in the coming months and will communicate any updates well in advance.

So logically he should consider lowering the price, but we all know how illogical sellers can be.Thank you in advance for your suggestions!

Any advice or assistance with Subto would be greatly appreciated.If you're willing to share your knowledge or connect with my son to offer some mentorship, please reply to this.SubTo is a more advanced technique.

Thank you in advance for any constructive feedback. 

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!