I compute the IO payment to be $989 vs. $1128 for the 7%/30 year pmt.

I am focussing on the South side around Rosemount, Eagan, Lakeville and Apple Valley.Again good to see someone from the area. 

Apple, Google, Bing, Microsoft,Amazon.....all simple and frankly stupid if you didnt know what they were but look at them now....Sorry for dragging this post on, I just know I was stuck thinking like you and now that I don't im successful.Best of luck!

Hello BP,I am an investor and Realtor out of KW Classic Properties office and it is great to be apart of this site. I would hope to learn much from you all. Some things that I would like to take away from this site wo...

@Brian Pleshek  you are your own turn key company  albeit you did it for just one property.anyone is free to buy their own deals then do their own rehab.. its called value add.. you work for it.Turnkey is buying from a rehabber regardless if they are a quote un quote turn key company they are simply rehabbers..they put up the money to buy the asset.. and paid for holding costs.. they put up the money or borrowed it to rehab it.. and they are a for profit business so no they are not going to sell it to you for exactly what they have in it.. your comparing apples to oranges.Just like when I sell new construction we make anywhere from 50 to 200k profit per house.. can you go buy your own lot.. get your own financing and hire your own GC or do your own GC yourself sure you can and you can save the profit your going to pay a building company... happens everyday.Same with rehabbers that sell retail.. retail buyers want it done.. many time they cant get rehab loans they don't know how to.. and in many areas of the country unlike were your at were price points are so very low.. not every has 300 to 500k to buy a rehabber house then sink another 100k into cash and then finally refi.Lost of people can do what you do which is basically use 100k or less to get a house all up and running. 

Being a commercial property manager in the big apple would be fun!

Best way to find out ios to call the agent and ask what the circumstances are, and you will then know whether you should make an offer or not.

Sign short term lease, so you are ready to kick out the bad apples tenants anytime by give them a 30-days move out notice.

ping me and I'll send you a rental appl. and the our 6 page lease agreement. 

I guess someone will disrupt this market soon with open/standard video formats on one's own private cloud storage (Google, Apple, Amazon,...).