@Jose Saladin Purchasing your sister’s home as a live-in rental offers instant equity (~$170K), tax benefits, and landlord experience, making it a solid first step into real estate investing.

I would like to offer a place to sleep in the living room but I'm not excited about the options I see for sofa beds or sleeping sofas.

Here's the challenge: If the numbers work with a low down payment, why wouldn't an investor putting 20%-30% just buy it and could likely offer more?

My agent @Jake Fugman caught wind it was about to be listed again, we got in prior to that happening and made an offer.

The property sat on the market for a month before an offer came in, but the buyer backed out at closing.

Coming in and making an offer after nothing for months on. a dying listing is also worth considering. 

I initially offered $200K in cash, but the seller countered at $240K.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

I would also ask them about cash for keys since I would initially offer the tenant this. 

For example, the insurance company offers you $100k.