Hello, I am working to find my first rental property, and on the surface the deal I'm looking at seems like it has very good long term appreciation potential but I'm not sure how to adjust the current numbers and make an offer the will also be reasonable for the short term. - Single-family 2/1 @ 820 sf in St Petersburg, FL.

Hello, I am working to find my first rental property, and on the surface the deal I'm looking at seems like it has very good long term appreciation potential but I'm not sure how to adjust the current numbers and make an offer the will also be reasonable for the short term. - Single-family 2/1 @ 820 sf in St Petersburg, FL.

New homeowners often need ample reserves for repairs, improvements, furniture, appliances, window coverings, and many other unexpected expenses.For example, I still remember the angst of some first-time homebuyers who bought a very cute 80-year-old bungalow, and who also had to scrape up $4,000 for some urgent plumbing repairs that surfaced soon after they moved in.3.

On the surface that sounds like bad faith.

Use Hepa vacuums on all the surfaces and wipe everything with a antimicrobial.

The D/E may be too high, especially with where the market is right now, and they may want to see some you have skin in the game.

I would not want to invest in business that doesn't have a better plan than this or partner with someone who would contract before securing I suppose the seller has some skin in this as well having accepted an offer without proof of funds / financing  

1.If your HELOC permits, use it to satisfy equity infusion for the lender.2.You are trying to buy a property with no skin in the game.

If they find you a single-family home that you successfully purchase for $30,000 below market, you pay them 1% of the equity gained ($300).There are many ways to skin a zebra.

They have more skin in the game then you do.Make sure you get clear title.