Seller made roughly 20% extra for waiting 2 months to collect his money and I made 400% on my cash investment.

Seller made roughly 20% extra for waiting 2 months to collect his money and I made 400% on my cash investment.

Or wrap a mortgage and collect the spread?

“This is incredibly timely, given our collective commitment and my personal commitment to addressing homelessness and housing in our city,” Councilwoman Nikki Fortunato Bas, one of the ordinance’s sponsors, said during Tuesday’s council meeting.Currently, background checks are a standard part of applying for rental housing, and applicants with a criminal record often are denied.

Here is what I collected as "warnings" or lessons (from various sources and some experienced myself) about foundation problems and/or repairs:1.

Even with you personal credit, they don't want the property to fail and have to sue you personally to collect on the note. 6 unit is a very small commercial deal and not worth most lenders' time.Local lenders who know you are going to able to provide best deals for this type of project. 

I’m rubbing the magic lamp that is the collective BP genius in the hopes of finding a way to “guarantee” a high enough ARV appraisal to pull my cash out in a 75% LTV BRRRR refi...

I still recommend bumping that up some in your analysis (unless that 10% includes everything of course) because usually the base rate doesn’t include any additional services such as finding tenants (usually a months rent or half a months rent additional for that), renewing leases, managing maintenance/ repairs/ turnovers, performing inspections, evictions etc. so the PM fees actually land closer to 15-18% in my experience (our PM charges 8% base for collecting rent, dealing with tenant complaints and handling small emergeny maintenance calls, anything else is priced a la carte and I usually handle any issues over $250 myself which is the only way we make any positive cash flow).

As a newbie investor in the education phase of developing my rental business, I am looking to collect a wealth of resources to have on hand for market analysis. 

My wife is a licensed agent and I passed the licensing exam though I never went with a broker.If I went all the way managing, including renting it out, signing leases, collecting rent checks, upkeep, repair and maintenance, paying the bills, taxes, insurance, I would do it via a master lease, preferably a NNN lease, and for all intents and purposes, you can act as a landlord, make money on the rents, and not have issues with licensing as you have an interest in the property.