I used to do lease options 20 years ago, and it seems like a great way to wrap around without trigger a sale or breaking any terms of common notes.I have a $1.3M property with a 1st of about $850k at 3.25%(or somewhere around there). 

Hello!
So recently I came across an off-market deal in my area. I called the number on the sharpie marker sign and a few days later I met up with the owners and walked the property.
it's a well maintained (on the ou...

Hello!
So recently I came across an off-market deal in my area. I called the number on the sharpie marker sign and a few days later I met up with the owners and walked the property.
it's a well maintained (on the ou...

Hi Adam, Since the immediate area may not have many comparable properties, consider expanding your search radius to include neighboring areas with similar characteristics, such as proximity to amenities, major roads, and parks.

You can always include rental expenses on your tax return if you have a rental property that is deemed in service.The question, when summing all your rental income and expenses, and you are net negative, is whether the loss can offset your other forms of income or if the losses are deemed passive and carried forward.

Third, I gave them a break on rent and they had an extra $1800.00 that magically appeared in their account.Interested for some feedback, advice, or just a hug?!?

Find out how long they have to contest it and at the same time tell the PM that is it their job to manage the place, so they are the ones who decided how much of the deposit to keep and should have included an itemized bill in the letter they sent.

After including HOA fees, you would net about 630/month based off the info you provided.

But I wouldn't go breaking the bank on anything there especially if you wouldn't see a drastic increase of what Section 8 may be willing to assist the tenant with. 

I am always down to talk about real estate investing in Columbus, Ohio.I can share insights on investing on both single and multifamily properties, including out-of-state investing.