Would you accept a tenant for a $2,150/month rent with the following situation:- They own 2 restaurants so it is hard to verify their actual income VS the company.

It is my understanding that if you enter into the lease knowing of the foreclosure and placing a tenant anyway, then the lease is essentially deemed invalid as you and the tenant knew that it was a matter of time before they were evicted.Also there is an assignment of rents in residential mortgages as well, and doing this may open you up to a lawsuit by the mortgage holder since you essentially stole potential rent from them.And finally if the plan is actually to buy an HOA lien and wait until a foreclosure, I think that falls under unethical practices and would never do that, or encourage anyone else to either.

All my portfolio is actually in Sugar Land, Katy, Cypress and Spring. 

Most BRRR investors in these forums equate return of capital as a success which is is not indicative of actually realizing a gain, especially in low barrier markets.

Thanks Bill, I actually got a better rate on insurance , and rents will go up slightly.

Really need the actuals and put the numbers through stress tests. 

I am guessing this is the most difficult part, to find the right property and break even.

I've done a fair share of researching but some things I havent been able to get very clear answers on.I'm looking into possibly buying a laundromat on seller finance and I want to be able to talk to the seller and negotiate terms that benifit both of us that I can still profit with the business.I guess im looking for a clear cut of all the parts of a seller finance deal, how to structure it, and how to negotiate it if countered. example, If i put 10% down, they finance 90%, whats a good or bad interest rate if any, how long of a term, what should the payments look like etcany advice would be a huge help to not only the laundromat but Real estate in general!

Ask if the person you are dealing with is actually the one who is listed on the contract as the buyer, or an LLC of their's.  

Depends on the scope of the project, but I'd guess yes if a more extensive project or your messing with plumbing, electrical, or HVAC.