I wrote the above for informational purposes.

The 'upsides' for purposes of analyzing this deal are:  1) one of the 1-bedroom units has potential to become a 2-bedroom;  2) basement is finished and can be made into 5th unit;  3) some of the existing tenants are paying below market rents

My attorney has just confirmed only the small liens will carry over which is minimal compared to property value.

When qualifying for a loan, I’ve heard to go to different mortgage brokers/lenders to compare interest rates.

We would like to make sure we are setting things up correctly for tax purposes.

How does houston compare?

I would think that a small negative cash flow margin would be acceptable due to the much larger equity gains you are receiving (compared to a 100k property that has good positive cash flow).I would love to know your thoughts.

We suggest that a licensed contractor further evaluate, address and repair/reinforce both porches as needed for safety purposes, including addressing the back left exterior steps that are not installed correctly. 3.

Also, the advice to go with apartments compared to single family homes.

Do a walk through to determine repair costs and use comparables for ARV.Keep in mind that just because the wholesaler is asking for $85,000 doesn't mean you can't offer less.