They bring in right under 4k month all together in rents, claims to only pay property manager about 6k yearly, taxes are about 3,500/y.Comps I have for the same neighborhood range from 60k-145k per property and mobile.

If they do the escrow or just partial pay rent they you take them to court for non-payment.

Hello, Scott Deetlefs, here's what I would pay attention to:Legal Considerations:Passive vs.

I would pay the sellers mortgage since it is the same amount as my 1st.

Starting with the question of whether you can subdivide the parcel without paying off your current mortgage, the  question is what is the home on the smaller parcel worth, rather than focusing on the current ARV of $325,000.00.

Cold outreach is all about volume because you are trying to find the 0.5% of sellers who are motivated to sell.If you are looking for leads of sellers who are already looking to sell, you are better off doing inbound marketing such as SEO or PPC, or buying leads from companies that run their own PPC campaigns, which are called PPL (Pay Per Lead).For PPL, I would recommend https://propertyleads.com/

They claim it will boost property value.It might, but I feel like that is should I should have known about prior to purchase and I'm also unsure how the city can do this with out permission or paying for it.

Offer to pay for 1 month of a storage unit starting 1 week before you close.

If they don't pay it in full, then you continue to market it and offer it to the next qualified applicant.

You'll also pay income taxes along the way on the operation of the property.