I look forward to hearing from you soon.My advice within reason is to separate out the primary from the investment property, ultimately any property you buy probably isn’t purely the absolute best property property you can buy from an investment standpoint but that’s ok, I’d figure out what budget you are comfortable with, figure out place you can be happy for at least 5 years and at the end hope it cash flows, I’m not saying buy some property that’s an absolutely terrible investment but there’s more to life than a few hundred in cash flow in 5 years lol.

I know investors who purely work with one broker or lender, because of the strong relationship they have built with that individual person, I also know a lot of investors who jump from bank to bank just to get the best terms, and then never come back.

The rehab always seems so costly especially when the value is purely protection.

And, I get why you view it as success: more deals = more fees and more chance to collect carried interest.But, the logic of this statement is purely beneficial to the GP and detrimental to the LP.  

I'm going through the FHA process because this is a loan assumption and able to get a very favorable rate.I'm wondering if anyone has gone through this process being a pure real estate investor (no W2 or other income) and how they would handle this situation.

I have been fascinated with real estate for a minute now and it's been joyful educational ride so far.

Welcome to bidding in North Carolina, dropping this thread in here too.https://www.biggerpockets.com/forums/921/topics/1162715-due-...I vented my case, and it's pure ******** for this market.

It is true that you may miss out on this home, if sold this week, but also consider the Joy Of Missing Out (JOMO) by not overpaying for this property and also footing the bill for many of the potential repairs required for a 120+ year old home as mentioned above by the previous commentors.I would encourage you to take a contractor with you to the open house or someone with experience in this age of home to give you some insight into the property and what may need to be addressed in the first few years of ownership. 

Is it purely about the cash flow?

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