Southside - 81st Ohio -> quiet and respectable areaBetter to be safe than sorry ( sole proprietor )

You certainly need a title search and insure the transaction. ;)

You are in Central NJ where lawyers are customarily involved in real estate transactions.

I don't suggest using one for long term financing needs but for short term transactions like making repairs or rehabs to properties. :)

Those that are remodeled are selling are going for 415,000-435,000. but I wanted to analyze with a lower number to be safe.

The solution is some form of seller finance, but first the SAFE Act and later Dodd-Frank has made that too expensive for small operators.

Ask that agent how much equity she needs from the transaction and you might pay a little more if the seller works with you and ensure the agent knows she will get her commission (That's what they want to know in these deals).

Better safe than sorry…Wouldn’t you agree Bill Gulley Is a funny guy!

You can also bump into SAFE Act issues with residential, screw that up you're likely loose your license.

I wish I could be of more help but I am on the other spectrum of commercial.I do the triple net leasing transactions and apartment buildings transactions but I do not do any property management or tenant rep as I do not enjoy that aspect of it.Do you use Costar tenant professional??