This will give you a baseline, I.e. own the Main St project same thing as this one, and it cost me all in $125,500 to do the full rehab.

This is something that I have always wanted to do but finally decided to make the career switch and go for it.

This keeps his 3% rate intact while allowing you to buy the home.

With one deal under your belt, financing may also be easier this time.

I plan on holding this property for 30 years (I'm 34) and will live in it for at least 5.

This also explained to me that this will apply if you decide to pay off the loan earlier than the original due date of the loan

I bet this person paid less than a grand for the rights. and will want 10k from you...

bringing on someone not only fiscally but also with experience in this type of rehab is key, as you will need to write a good scope and budget for the unknowns.

My current plan is to stabilize this rental and aim to buy one property a year. what do you guys think of this deal and strategy?

Purchase price: $645,000 Cash invested: $60,000 Two Unit property with lots of living space3000 sqftOne parking spotBrand new kitchen addedW/D in both unitsGood for Long term / Mid Term / Short Term What made you interested in investing in this type of deal?