To list on the MLS, you will need a POA signed by the seller, which states that you can sign on behalf of the owner for listing documents and offers, as well as a signed purchase and sale agreement with an assignability and marketing clause."

Often the seller isn't really dealing with reality well - saying 'mentally challenged' is probably an over statement - but they are so desperate, or in such a bad way for whatever reason,  they will grasp at any straw put in front of them.  

BRRRRs are really tough right now with interest rates high, rents flat, contractors booked up, and tremendous competition for deals.i always get nervous with HELOCs as down payment because it can mean that you're not well capitalized. 

Going well so far. 

There's a whole new set of issues when renting out to college students, but if you can do it correctly, I think you could be very successful renting out per room in those scenarios as well.

Hey @Isadore Nelson - appraisers are 3rd party vendors that won't take it well if anyone tries to influence their decision of the valuation. 

In talking to other investors this has happened to them as well in my area.

@Nick WehrleyTalk to your cpa - it may matter if it’s a single member LLC or multi member etc as well as if you were taking depreciation on it and how have you treated it tax wise in the pastNot a cpa nor pretend to be one but a lot of unknowns that you should review with your accountant

In addition to Cleveland, OH, I would recommend looking into Columbus, OH as well!

If some of you think now is an awful time to do this (re: interest rates) I'm open to being told to wait as well.