Some lenders (depending on the number of units) will even require two appraisals..paid whether the loan closes or not.- Reserves.

Try to find a property as close to a 10% annual return as possible.OverviewThose are 6 key points I believe are most important before purchasing an investment property.

I recommend you focus on meeting that limit right now so you can legally close this tenant's account.

You'll be negative every month.As mentioned above, you can't do a clean seller finance (where you get the title at closing) unless you put down $80k to pay off their existing mortgage.  

Found a buildable lot in a gated resort community  seller is just wanting to get rid of after 13 years (seller is older and not using amenities any longer)   Lots are cheap, couple grand   Seller only used it for owners rights to play golf, pools, tennis etcWould cost me closing costs, $50 month hoa, $50 year taxesIs there a market for something like this? 

Also, the seller wants me to set the closing date on the contract to June 28th instead of our original closing date, which was August 17th, because she wants to receive the money in a timely manner to pay her back taxes.

You know it’s funny back when I was flipping in dc pre covid, I was always amazed at the prices and in the back of my head was like I cannot believe people are paying 800-1 million to be in a tiny rowhome in a frankly pretty rough area, now of course everyone who didn’t grow up here throught it was just was the way it was, but growing up here I tried to explain to everyone just how bizzare it was that the city was so much more than then the burbs, (from 06 on there were entire areas that went up fourfold, where as the burbs were kind of flat for a decade) I won’t say I saw dc’s crash coming but it seemed so unnatural to me having grown up in the area, I also don’t think we’ve seen close to the bottom as far as urban real estate, as you said you can still trade a house in the city for one in the burbs but really given how urban living is + remote works, cities should be significantly less than an equivalent burb.

I am involved with overpaying on a 114 unit apartment project that we are closing on that I should be able to build in 90 days.

I'm not sure what $100K can get you in Cali but here in Texas you can get a duplex close to a top college and have some nice cash flow. 

…They simply have to buy as much or more than they sell for (after closing costs) and reinvest all “cash” they receive.