I think I'm on to something and pretty sure I already have the green light.

It is very light on documentation, generally has quick closings, and will not require DTI, tax returns, proof of income, etc.

It’s a 64 units, located in Stockton TX, light rehab, asking is 2.460m, Current Monthly Rent: $25,250 Potential Monthly Rent: $79,000, potential cap rate is 25%, ARV is 9m if you sell at 7% cap rate.

There's another bathroom downstairs (renovated) and large room downstairs (needs new floor but is painted and has new lights) which has a lot of old things from the previous owner.

The renovation consisted of all new interior and exterior paint, removal of popcorn ceiling, complete floor removal and install, complete kitchen remodel which included a wall removal and converting half of a closet into a pantry, complete master bath remodel, 2/3 remodel on guest bath, All new interior doors and hardware, new front door and hardware, new lighting fixtures, new landscaping, new paint for patio and front sidewalk, and pressure washed driveway.

I’m assuming not.If they end up paying last minute that’s a bit of a warning sign to me and I almost would just want to avoid it all together.

The lighting was shot, flooring was nasty and it was a mess overall.

Floors swept and mopped, appliances cleaned inside/out, windows washed, carpets vacuumed, finger smudges wiped off light switches and doors, all lightbulbs work, etc.

Being a successful real estate investor or wholesaler starts with not being shy about asking all the questions you need to get the answers you have to have.If you're dealing with a motivated seller and you're too squeamish to ask all the questions required to build the required rapport and ask all these questions, you'll definitely regret it down the road and it may be too late then.Avoiding the Almost-Insane Customer I really apologize to you if you're one of my sensitive readers, but you'll find out if you really want to go out there that some people are really emotionally maladjusted enough to be considered almost-crazy.Every landlord or homeowner that I've ever regretted dealing with came with warning signs at the very beginning of the communication process; warning signs I should have heeded.

Replace light fixture4.