@Michael Perry these can often be very good opportunities for owner occupants.

Could I have instantaneously sold the property at a significant profit?  

HI @Kaushik SarkarI would suggest going to the top of the page under LENDERS and then answering a few questions and from there you will be connected with 3-5 lenders and you can discuss whatever you want there. 

Tornado, wind, hail, flooding if in a low spot, general weather related.

The time for them to negotiate the price was when they got the appraisal done-they didn't, so too bad.Two choices-take the $5K and relist with a new realtor or negotiate with them for the $24K they are short. 

And you should never create entities without having a clear business plan of how such an entity would benefit you.

I'm curious if anyone has a great system they'd like to share.

Feel free to reach out if you have any further questions!

So just curious if my number formula is correct $15k down plus $15k Reno = $30k rental income/year  $14500 vacancy rate 2% operating expensive 35% ( to cover condo fees maintenance insurance ect) $5500 a year mortgage so roughly a 12.25% cash on cash return ? 

When it comes to structuring your real estate business, choosing between an LLC and an S-Corp can feel like a big decision—and for good reason.