Like I said I feel pretty comfortable with the deal right now just want some input from others that have gone through the process.Obviously I would utilize an attorney who specializes in Business Brokerages to facilitate the transfer, as I want to ensure it is done properly.

I need to try to find out what vacancy in the area is.The numbers seem mostly good, till you get to the utilities and taxes.

I think they are able to use utilities illegally while they rehab with a stolen meter.  

I would call the utility company and tell them you bought the property and want to see how much to turn on the power in the unit and when it was last turned on. 

The buyeris an investor and intends to utilize any and all investment opportunities for the subject property at their sole discretion inorder to maximize their return on investment and in doing so may resell the property at any time for any price at noexpense or delay to seller.Then I add the Representative Capacity Signature Disclosure.Thoughts?

. $500 rent for $$33K per door look good as long as water and utilities are paid by the tenant.

If the repairs are more than 10k, they will be discounted from the offer price.Operating Data: Numbers I'm using to come to Cash Flow and NOI, Seller provided utility expenses and Insurance costs.Note: the CapEx numbers are estimated from a spreadsheet on things that will need to be replaced in the next 5 years, I plan to sell in that time frame to reduce large CapEx expenses.

The good news is that I can always utilize a HELOC to leverage the property if another opportunity arises. 

Hello, I am a first time home buyer in the South Florida (Broward County) area utilizing a VA loan as my first home purchase.

From my experience, one needs to be familiar with as many strategies and options (tools) as possible and then, equally or even more important, know when and how to utilize the right tool(s) to create win-win scenarios.