@John Thedford  Surprised they called it a redemption period. 

There will be times that someone who barely uses credit, but pays it off in full any month when they do, but also has a modest FICO because of the lack of credit usage and lack of paying interest (SURPRISE!

@John Thedford surprisingly, one of the biggest lenders in NJ requires a pretty big upfront payment. 

Reassess this number every five years based on the performance of the property and the amount of debt left on the property.If you do this properly, all your surprises will be good ones.If, on the other hand, you are speculating in zero-cash-flow properties that you believe in your heart of hearts will appreciate and make you rich, I wouldn't feel confident saying that you are investing in real estate with FI as a goal.

This deal has been on the market for a month now and to be honest I’m surprised someone hasn’t jumped on it, it seems like a cash cow.

It wasn't the worst I've seen, but leaving out food and dirty pans attracts bugs.My lease states the apartment should be clean and sanitary, and was treated by an exterminator before they moved in, and any new issues would be their responsibility.I was actually surprised when I pointed this all out -- they cleaned the place pretty well and took care of the food/dirty pans.

@Loren Clive I am thoroughly surprised your able to get that many 1 night stays. 

I just researched the vacancy rate for that area and surprisingly it is only 3.4%.

Never be afraid to ask what you want - I was surprised the seller who owns 80+ properties didn't knew that if he does VTB he doesn't have to pay capital gain for upto 5 years Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Never be afraid to ask what you want - I was surprised the seller who owns 80+ properties didn't knew that if he does VTB he doesn't have to pay capital gain for upto 5 years Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?