My thought is that if we're paying cash and it has positive cash flow, then who cares, but I'd love to know what you longer-term investors have to say about it.Now more specifically about this property..2.

@Michelle Jarreau I would purchase bunch of small multifamily properties in my market (Berwyn, Forest Park, Riverside) and then re-position them using the BRRR strategy.

In 3 years, the equity had grown in a positive direction and it becomes possible to borrow agains the first one or two to buy another.

But I’m keeping positive, it sounds like it is likely that I can lock in the rate and receive some sort of adjustment if / when my credit FICO score improves prior to drawdown date.

@Thomas S.I will only speak for Texas but I assume other states are similar The new owner assumes the position of landlord in the lease at closing If the tenant is in default at closing, they are still in default after closing.

Revealing other offers weakens my seller's position not only for the reason you outlined, but also because it lessens the chance to stoke a bidding war.

If you had stuck to the contract you would have forced negotiations and not have been out the money which would be a stronger position.

While I’m not in a position to purchase my next multi family property  I’d like to help fund some deals with other investors for some good returns in the mean time to help build some more capital.

Leverage enough to keep positive cash flow. 

You need a network of friends, family, etc that are in a position to buy or sell AND will use you (over the other brokers they know in their network of friends, family, etc).