Thanks in advance.When you are buying subject to, you need a purchase and sale agreement, special disclosures and a flurry of other knowledge & forms.

Hi Mitch, are you interested in the purchasing side or on the renting a unit out side also? 

I just purchased a 1960s ranch in Middle Tennessee.

@Nick LongI think you're overcomplicating this... if it's a fixer, once it's rehabbed, just refinance it into either a conventional investment loan, or a DSCR loan.DSCR loans don't have the 12-month clock - you can usually refinance 90-180 days after purchase.  

The plan is to use a 5% conventional loan to purchase a Primary residence.

I am interesting in purchasing some property out there as well and was wondering if you had any realtor you recommend and any property managers you work with.

Now we negotiated ALL of the $60K Option Consideration funds paid to be APPLIED towards the $300K Property Purchase STRIKE PRICE.

I was looking to purchase something in the Greenville SC area, it seems like people either love it or scream to stay away.

In it’s most basic definition Buy - Purchase a propertyRehab - Value-add with renovations and rehab things that need to be fixedRent - Find tenants to pay your mortgage (and maybe some cash flow)Refinance - Once the property’s value appreciates from rehab and reappraises for more than you purchased it for plus renos, you can use that gained equity to do a cash out refi.

I was curious to know with the purchase of this property would I have to adhere to the stabilized rents?