Based on my experience with custom home builds, and the photo they attached with my update, the house *should* be dried in within a few weeks.

Still, it offers solid cash flow potential, especially in multifamily properties with cap rates around 7-9%.

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

I recently had an offer accepted for my first multi-family property!

In fact, some of the best opportunities in real estate come from properties that others overlook—distressed homes with potential that just need the right investor to bring them back to life.If you’ve been in the game long enough, you know that distressed properties can offer huge upside, but they also come with their own set of challenges.

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

Quote from @Alex Brown: Seeking recommendations for a CPA or Tax Strategist who specializes in RE and REPS Status.This post should help:https://www.biggerpockets.com/forums/51/topics/1222774-expla...And none of us is allowed to offer you our services as long as this post is in the tax forum.

I have been looking at properties and it seemed like the seller s  based their price on zero percent cash flow for the buyer.

I do not personally use him based soley on the fact that the firm is virtual.

The only reason I brought up that I coach in a comment was because I disagree with Henry's approach based on significant experience.