The Palms saw prices sky rocket when people found out they had the potential to make $50k - $70k and they were selling for $170k- $300k.

So now the builder is selling at 314K, which is certainly on the higher end.

What are other questions we should discuss in advance.any advise, any sample document.Thanks look at 10 joint venture deals before you do one. talk to others in other markets. if he isn't smart enough to negotiate capital or JV deals or structured finance I wouldn't touch him. every cost should be fully transparent with their margin. similar structures with investors in columbus we are the general and everything is negotiable. he should also be qualified talk to a bank first. we take title in a single purpose entity we are the LP less than 20% and the qualifier and the main investor puts the cash and gets the loan, I'm also licensed and normally sell to out of state investors. 

Hello BiggerPockets,I have a seller who is open to selling me his home subject-to.

For information when we come back to the US we plan to sell this residence and roll equity into our next primary, so this is not a property i plan to keep as a long term rental. 

If it’s worth it as a long-term rental or there’s good appreciation in neighborhood, may be worth the risk of moving forward with back-up plan to sell or long-term rental if HOA restricts ADU or STR in future.

You can sell the property, 1031 exchange into something else and defer all capital gains. the tax burden you owe would come out of the proceeds.

Figure a few grand to paint rooms, replace carpet in a room, deep clean and spruce the property, replace a fixture or two, etc.If you have to replace your resident annually the $9600 total income will get a gut punch.The true value of the higher-end neighborhoods is residents know if they move out of the home they have it's a challenge to find another, especially if they have been there a few years and have a competitively rewarding rent rate.All this really is is basic economics...sell ten custom widgets for $1000 or 100 standard widgets for $100 each.

You never know who might know somebody who is looking to sell a property.

When you sell then replace.