After the closing cost, this home will probably cost me around 35k to purchase.I'll have 35k left to do another investment.

Ideally, if the numbers are close and you're considering quitting your job is there also a way for you to freelance or do something else for extra income part-time?

Of course they don't have money now But your money will come from escrow when it closes. 

I guess my question is how does it work at closing.

So the situation is that this happened very close to the end of the lease so i don't have much time.

We're hoping to sell the condo's for as close to top dollar as possible. 

My purchase price was over 20 years ago, I do not remember closing costs, have refinanced twice at least and I have been renting it for almost as long. 

His contact information:Wiegel Law GroupReal estate attorney in San Francisco, CaliforniaAddress: 414 Gough St, San Francisco, CA 94102Hours: Closed ⋅ Opens 9 AM MonPhone: (415) 552-8230S 

More importantly, there no great bargains there…people are paying at or close to market value.

Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.