Make sure all insurance and city compliance are taken care during all times.Lease agreements and other contracts has to be kept up to date.Count on cash flow and not on appreciation

I would like a little more CashFlow but since I can get all my investment back immediately, I think its a good deal... before I pull the trigger wanted to seek any advice if I am missing anything in this deal.Wholesale Cash Buy: $80K, off-market deal.Rehab Cost: $0, section 8 tenant already in place.Appraisal: 108K based on the comparative market analysis provided.Current Monthly Rent: $950Total Monthly Expenses: $991.90 ( P&I $343.57, Taxes and Insurance $301.33, 36% for Vacancy, Repair, and PM $347.00)CashFlow per Month: -41.90, but if Principal payment in Mortgage is included which is about $76.90, CashFlow will be $35 a month.I would be able to cash out all 80K from refi, but the CashFlow is marginal.

I'm currently in the process of my first BRRRR, I've made quite a few mistakes but I'm so excited to use that knowledge the next time I pull the trigger.

Your handrails seem to be in code compliance.

Could trigger a due on sale but the lender will not notice or care as long as the payments are made and insurance is kept up.You could do a master lease.

Yeah, I don't even think it would pass APOR/compliance.

I need help drafting a rent to own lease in compliance with the Dodd-Frank act.

I’d suggest finding out what’s legal in your state when it comes to late fees, and then re-wording that clause so it’s more clear and in compliance with whatever your state’s laws are.

If the numbers still work, pull the trigger, its not worth getting all worked up about it, leave the emotions out of it :) Good Luck, let us know how you decide!

The Town 'dump&pump' inspector showed up, apparently triggered by the sale of any homes with septics, then the fun & permits started.When they had the 20 year old unit inspected & pumped by the local septic guy everything passed.