There is a strong negative sentiment with current government that will be instantly overcome with new government whoever will be.

My girlfriend mentioned that it was sad if the current tenants wouldn’t be able to stay there.

It currently cash flows about 1500$ per month.

@Bruce LynnWould you be able to suggest any areas to look or even property management companies that directly do sales for turnkey properties like you mentioned?

I am curious to know what other people are currently using and recommend.

Incidentally, what I posted is how home loans work in most countries on the planet, the kiddy-glove 30YF is the exception globally, not the norm.For a new and inexperienced developer, banks don't currently have appetite, so model your numbers on a hard money loan at 12% to 15% (I do not offer these).

That's an imperfect measure, but we really need to get a sense for what you have to do in order to GET that $108k that it currently brings in.Not giving you the yes/no on if it's a good deal or not, just giving you some ways to think about it. 

So, I'm left questioning what benefits there are to the 2/1 buydown that would make it a recommended option.I'm thinking that if I skip the 2/1 buydown, the cash to close would be lower, meaning I'd need to put in less of my own money upfront, which seems like a better option to me.

I have the current rehab under contract, not sure when closing will be, its a fha loan. ill probably see you at the next lunch meeting

We're the only PPL company in the U.S. that phone-qualifies each lead, guarantees contact with the homeowner, and guarantees a below-market asking price from the home-seller.