Only reason I'd paint is to go for the country kitchen look with a nice creame colored paint and worn iron hardware.

You will get the cream of the crop when it comes time to get a tenant and maintenance expenses will go down.      

Probably would not do it as is right now, but it is close enough that I'd see if I could get the price down slightly more and maybe shave a few basis points of the rate to get the payment down a touch.

The borrower(s) may have initially purchased the property as one of the following:                  a natural person;an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust                           and the beneficiary of the trust;                        an eligible land trust when the borrower is the beneficiary of the land trust; oran LLC or partnership in which the borrower(s) have an individual or joint ownership                           of 100%.                       

This is relatively simple to do and takes advantage of a "deminimus rulling" by the IRS but is not as common and the biggest problem in your case is that you are needing to improve the properties is around 25% so that is a non-starter from the beginning unless you can shave the improvements needed.c.

Because if they did, most of those note investors would probably get creamed.  

The borrower(s) may have initially purchased the property as one of the following: an LLC or partnership in which the borrower(s) have an individual or jointownership of 100%.

I think most people, myself included, waste their 20's having a good time.There is Canadian content out there, it's just harder to find!

Congrats also on doing a solo deal belly to belly with the seller.A couple of my takeaways as a dusty old LL thinking more of selling than buying these days-1) When you sell a property in a different market as an absentee owner, you may be a motivated seller and get creamed by a local investor. 2) Don't accept VA or FHA loans from your buyer.

Please send me a "My Suger Pie" sugar cream pie from the same company name in Zionsville IN.