The last one I bought had 4 hands in the pot on the HUD-1. 2 $2k's and 2 $1200's.

We did a hotel deal that was finalized in getting a commitment on the phone in probably about 30 minutes, but: That isn't done by just anyone unless you name is Walton or Gates or Buffet or other very wealthy folks, where you might have some opportunity or cause and the investor(s) have knowledge of your offering, your reputation, your abilities to perform and where that fund raiser has the financial expertise and social skills to carry off such a commitment.

Originally posted by @Bill S.

Especially since it's been on the market for 300 days.Or possibly try and get more than $900 out of that 2nd floor 3/1.More details straight from listing:Taxes: 2,985Cap rate: 6.9Insurance: 1174W/s/g: 1893Other expenses?

., As to @Geoff S. comment about cap rate.

This 4-unit property (2 beds/1200 sq.ft. per unit) is listed in the low $800's.

@Bill S.

The basement does not have conforming egress windows, and was decomissioned as a 4th unit and then mostly un-finished.My question(s): If I were to re-finish the basement, could I live in it?

$1000 rents are normal for 3 bd houses and 65k is reasonable for that size so that's where I would start. 3/1's are more liquid than other houses since they are more widely desired size.2br houses will sell for the 40k range where your all-in will still be ~$17k (8k down, 3k reserves, 6k rehab) and the rents will be lower $750-$800 depending on the area.

Now I look their involvement as an opportunity for my contingency offer(s) in that I tell the seller(s) to call me when the Guru Graduate's offer comes off the rails and we will do a straight deal with no BS.