The county assessed value means NOTHING.

Building : 1878 /2008 Renovated.Price : $600000 Asking Total Tenants: 15    & Monthly Rent : $21173Deal Analysis Value Over Time Can you please let me know what else is missing in this to get more accurate deal analysis.

You don't necessarily need the tenant to sign the notice to vacate, you can make your offer and include that the seller will provide the tenant a notice to vacate by XXX date.

I'm confident you will find value in this.

I personally wont give a wholesaler a non refundable deposit.. if the deal cant close for some reason they will normally ghost you.. this is probably new western or one of those outfits.. who rely on FOMO high pressure to get the deposits up front and released like that.

It’s a SFH and I don’t rent it by the room, but I bet State Farm wouldn’t have a problem with it on this type of policy.I ended up with this policy after searching almost 6 months for someone who would cover an STR in a high wildfire risk area.  

As far as using sweat equity to add value, what's your background or some specific skills you'd be able to help people with in the real estate industry?

Taking over the property subject-to (Subto) the existing mortgage is an advanced tactic and can be highly effective when cash flow or equity potential is strong.

Hard money loan How did you add value to the deal?

Install central air and the next thing this guy is likely to complain about is his high electric bill.Keep in mind that in many states a landlord must provide reliable and working plumbing, electrical and heat.