Update: I ran the ozone generator for about 10-12 hours total and from what I can tell the smell is gone (it's a 900 SF apt).

My total cash to purchase the property will be $6,500 + closing.With a contract for $43,500, I don't think there's much room for a wholesale opportunity & a 30 year loan would increase my cashflow by about $40/mo but I can't seem to find one right now.The property is a 3/2, 1,000 sq. ft. the lease renews in August, month to month, at $825.

I know that I have a lot to learn and that it’ll require quite a bit of effort and time, and I’m willing to do the work, but the problem is that I’m not really sure where I should go to learn more and how to get started now.I've always been pretty frugal, and since I started working full time about two years ago I've saved up about 25k total toward a down payment.

So in a severe fire it would make sense to offer land value , but yeah getting a contractor in there would be my best bet.

Sounds like Cash for Keys might be your best bet.

Downsides - will be totally disruptive to our lives to build, we would be relying on Airbnb as a strategy, which many people advise against. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

In total our grass income per-month is $2,555We also have 18k in debt.

So just keep copies of the receipts and a running total so you know your basis for any eventual sale purposes. 

Hi BPers,I'm gearing up for a direct mail campaign and I realized that I was a bit unsure about how a subject to transaction would work in DC, due to the fact that DC charges a pretty hefty transfer and recordation tax of 1.45% on each side of the transaction (2.9% total).