I am not sure what the ARV would be, specially because the other houses in that street currently have a lower value than what this house is listed for.

I contacted an attorney prior to making the deal and he said it would be ok to get a shared well agreement after closing.

If you're close to a military base, try Facebook groups with a focus around those individuals.

This property is close to the down town, near a bus line, and fit the business model.

You appear to have found a property that doesn’t require property tax payments, title, hazard, or fire insurance, and a closing attorney or title and escrow that works for free on both the purchase and sale side.

Hi @Chris Shon - I'm also a real estate investor based in CA, but currently building out a portfolio in Atl (currently just closed my first deal and planning on more to come).

Property Purchase : $4.0M 1031 Exchange Money: $1.05MHe has loan approval at 25% down for the commercial property and he will be pretty close to being completely wiped out with attorney fees and other allowed 1031 expenses. 

Well, in the Springs, I just had a situation where the permits weren't closed for the basement work and it turns out the city was about to tell the sellers to pull out everything.In Denver, if you want to do Airbnb in your basement apartment, the city has been cracking down on STR licenses if they don't see a permit for the work.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and it's super landlord friendly (so you will never have to go through a 12 month eviction or anything close to that!).

Many of them take advantage of OOS investors because they know no one is closely watching them.