Tenant gets their deposit back when their lease is officially/legally over.

@James Landsford That punch list is a lot of work that won't necessarily help with you increasing rents over time.

With property management you'll cash flow probably around $600-$800 per month after PITI and expenses, etc if it really is bringing in over 5k.

My extended family has done very well (10s of millions of dollars in equity growth over the years) with real estate in that area. 

While his loan isn't assumable, you could structure a deal where you take over payments while giving him equity in a seller-financed second note.

One of the biggest mistakes newer investors make is over-rehabbing houses and spending too much money on these low ARV homes.

The election is over and guess what?

But very few investors are in the #1 performing sector over the last 1, 3, 5 and 10 year periods, according to the National Council of Real Estate Investment Fiduciaries (NCREIF): senior housing.  

Hey Steve, I relocated to the Nashville Metro over 10 years ago and have been investing here ever since.

Our contractor wasn’t prepped for the bespoke chaos, costs ballooned 20% over budget, and the timeline stretched from three months to eight.