New construction, fully decked out on the design and amenities. purchase price 785K, 40K in seller credits, 120-140k gross rental projections What made you interested in investing in this type of deal?

I’m looking to invest out of my home state, Texas, and have narrowed it down to 3 markets.

The key for me wasn't to invest in the 'best place' but to know a market so well that a deal jumps off the page when it appears.

Based on my experience managing a significant number of rentals, leasing back to a seller can work, but it’s essential to approach it carefully.Lease Start Date:The lease should be signed at closing and start on the same day—Monday in your case.

Hi BP, I am looking to invest the OKC market long term hold real estate. 

Since you have capital,  focus on the market fundamentals and quality of the real estate.

Then they will start the process over.As for finding a market. 

The seller will also have to sign documents that are required and it will hold them liable for debts since they are on title.Best way to set that up is run the numbers and create a partnership based on the equity of the land and your cash injection and sweat equity.

Detroit is worth considering if you’re looking for a market where BRRRR is still very much viable.

So seller did have a marketable title.