Looking for some opinions please..I am on track to close on my second investment property (3/2)  in a few weeks or so with flexible plans for the Seller to rent it back at a discount for a couple months. 

If applicants can't qualify on their own, I don't rent to them.

I have a lead on a property very close to the University of Akron that makes a lot of sense for me.

I currently have $150K equity in my current home and $300K cash on hand.

No one is going to insure you with knob and tube so you need to focus on selling or doing the rewiring.

I think a 1031 exchange wouldn't be a bad idea if you're not making much on the property, and are worried about big repairs coming up in the near future. 

21K seems to be on the very high end for everything.

Imagine these older folk's financial planners did not plan on high inflation. 

Sellers appreciate the honesty.So, how can you establish this kind of credibility?

@Sandra Ho, It sounds like you are talking about late payments on their credit report for things like credit cards, car payments, student loans, etc.