@Kevin ScottFrom what I've been reading... cash flow is king.Buy for cash flow, hope for appreciation.I personally would be happy with a fair market deal in a GREAT location as long as the cash flow/debt made sense.There are other ways to add value/force equity.

Wouldn’t it be “fair” for them to do some back payments for the time they have been paying far below?

For Sale by owner, Sales Agreements.I’m curious to learn what clauses or protections others builds into their sales agreements to ensure (or allow for legal action) if a private seller sells their property to someone else / backs out of your deal once already under contract.Fortunately this has never happened to me and the last 6 properties I bought were from private sellers without a real estate agent or attorney, however It could and likely will happen at some point...

i don't see how fair housing applies to this at all.

I have a couple investment properties but I'm still fairly new to the game.

I checked the Better Business Bureau for complaints, I checked the NJ State Attorney General consumer division to ensure he was licensed, I checked every reference he gave by visiting sites and speaking with the homeowners.

Since we manage the rental ourselves, we have a clear SOP manual that we review with the tenants upfront to ensure that they are aligned with our processes prior to move-in.Hope this helps,Kyle I.

Hey BP community, I just recently purchased a duplex in Tulsa Oklahoma and while it's in fair shape generally, there are several smaller projects around the place that need to be taken care of.

Does this seem fair?

Good multi-family deals are fairly rare these days and they seem to come and go quickly.