. $7k on holding, $16k in commission, $5 in closing brings you to 248 if everything goes according to plan.

@Rene Hosman will be able to help you figure this out.

Hello all,We have a prospective family friend that would like to do a sale private party.

The timeline depends on the lender but lenders will allow delayed financing up to immediately after closing to three or six months after closing. 

Once you have the property converted to two legal units, it's going to depend on business vs. personal useage. 

The rental market here seems to be cooling and it's hard to pencil deals even if I rent by the room to achieve higher than average rents.

The office space added represents a saving of $2500 a month I was going to pay in a lease for an offsite building for my expanding team and staff.

If we are analyzing a turnkey property, is it reasonable to decrease the repairs and capex to like 5% each?

This would be our first flip together, splitting cost and profit 50/50 with a hard money loan for what we cannot make up on our own.

As a company we are considering a third party that offers virtual/face time walk thru's where human engagement occurs from the first phone call, until 11pm, weekends, holidays included- where the prospective tenant is loosely (virtually) tethered all the way through showings, feedback, follow ups and ultimately application process.