Welcome to this board!

Everything from near gut rehab to turn key.

I have an acquaintance at work who is a landlord and he advised me that going for three unit property at first is a better spring board into the market because I'd have two units for rental income vs the one with a duplex. 

I don’t know what condition the rental will be once I get keys and I can’t just be in a rush to fix things just in case that minor fix turns into a bigger problem or my rush job turns into a slop. 

They have a vision board with ideal traits and attributes and build a business model with processes and systems around that.

The key thing here though, is they also requested a jury trial.

Here is my thinking, You can get most of the cash out 70% of 445 = 60k out (less other mortgage).Here is the key - depreciation on 333k (assume 25% for land) will get you about 12k a year off you taxes plus the tax and mortgage interest.

Try to figure out what is really going on and maybe offering cash for keys. 

Hi everyone,Where I live in NY a vacant land parcel needs to have Board of Health Approval (BOHA) in order to build on it. 

Yes, the key to any Lease Option is finding a motivated seller.