If the Exit is a Hold Strategy, then you should know about Seasoning Requirements, difference between a R/T and C/O Refi, DSCR ratios, OER, Mortgage U/W, Market Rents, Absorption Rates/Marketing Time Averages, IRR and Cashflow to name some of the major items related to a Hold Strategy.4) You will have to estimate Acquisition AND Exit Costs (including your assignment fee)5) You will have to take pictures of each room, specific pictures of all damage the property has, all of the Mechanicals (Panel, HVAC, HWH, etc.), each side of the exterior, front and back of roof from ground or interior windows and 2 street views facing both directions from in front of the property.

I know his electrical is no good (Intel)--------How would u approach this...Me thinking let him sit for a few years...

How are u guys making the numbers work ?

You'd be surprised how quickly $90,000 cash can turn into -- Take property Sub2 with a loan balance of $86k plus drop-off a u-haul trailer and give them $1,000 cash for a security deposit on a new place.

At your young age u can afford to pay some of that debt down.

i dont even look at a house if its under around 1000 sqft. i can only imagine the size of the bedrooms in a 700 sqft home. i think that u would limit ur renters list with a home that small.

where have u been nick?

The U of M area is spotty as already stated you have to really know your streets.

[b][u]Have an accepted contract on a 4-plex in Bremerton.

Most sellers are okay with an "and/ or assignee clause" make sure u actually left some room for the investor to make a deal