.* For a great presentation, create a PDF with property details, photos, comps used to support your ARV, description of what needs to be done on rehab/repairs, numbers breakdown showing how you arrived at the profit number for the investor, etc.

A < 4* listing.The photography was top notch and the description was good. 

They might follow the description above, but they may not. 

@Fay Brown make sure to check with the Providence building department, not tax assessor, whether something is a legal in-law unit or not.Only the building department, not the tax assessor, determines if something is a legal use and there are many examples of people paying extra taxes on something (like a third unit) which turns out to not be a legal unit at all.Don’t go by an MLS listing description or real estate agent on this, check yourself with the city before you make the offer.If you don’t confirm it yourself, you run a serious risk that at some point in the future if a city inspector is ever there for something else and sees an illegal In-law unit, they’ll force you to rip it out (which could mean unfinishing part of the basement).The building department hates basement units, and as far as safely living there they don’t care if it’s grandma or Joe Tenant, so I do strongly recommend that you confirm with them before making an offer or purchase, that it is a “legal in-law unit”.For insurance, I would imagine you would pay a little more since it’s extra living space someone would be occupying (slightly more risk).

I am looking for a property which has following information in its description. 

@Josh Thomasbased on you're description, I would rent to them but increase the deposit.

Then his loan is paid off and you don't have to mess with the seller again.Otherwise, based on your description above, you would be bringing $40k+ to close that property. 

He gave me a quick description of the houses that he is looking for.

@Tyler Lynn The description cuts off but it looks like it says current rent is $600 per unit.

-Not geographically in an area that I am willing to invest in (SoCal or California in general)What have I done already?