This rental is unique.

House smells like dog ****, and the food stamp card is on the coffe table next to a pile of roaches and a sack of weed.

It won't put food on the table for very long though.

is there any document that i could obtain at the closing table that maintains i wouldnt be liable for any tax issues or back liens attached to the property?

This is because the post is asking for help but not indicating what value the poster is bringing to the table.

.$500-1,000 is pretty standard with a bank, and on a retail MLS situation the agent will (rightfully so) try to get that same kind of EMD for their client.If a seller balks at a $10 EMD then you have to decide if the deal is good enough, as in safe enough, that you want to put "real" money on the table.

What this suggests is the seller is happy to leave 50% of the value of the property on the table.

My plan is to lease up this property and keep it full for the next 18 months and refinance to cash my investor out.I know that multi-family properties are typically valued based upon their NOI so my questions is this: Will a lender give me full credit for the higher than market rents I'm able to generate (and demonstrate documented proof of) due to my unique business model or will they only credit me what market rates would be?

Hey Charles,Here are the answers to your questions above: 1)The construction banks and clients provide their funds at the table to the title company when they close – so no we do not access title co insured transaction funds.

Miami I'd say is certainly a unique case, due to all of the foreign investment that goes on there as well as the fact that a lot of the sales are to people based in other parts of the US buying 2nd homes.