I am fairly confident that I can flip that contract immediately to a fund that I work with and then have them close directly on the property. 

I don't think that's a fair statement at all.

Welcome to BP @Susan Franke Congrats on finally beginning to invest.Go ahead and make an offer that seems fair for what you KNOW about the property.

I don’t see a problem with building your business with more units quickly, but I’d start off fairly basic (1-4 units) until you learn the ropes.

That would be a creative and fairly easy way to get the most out of your rents.

It won't surprise anyone to know that there is a fair amount of hyperbole out in the media these days.Fortunately, NY lawmakers have not mandated (yet) the method of payment or lease terms that landlords must accept as part of running THEIR business.So, for example, I only offer M2M leases, and the local HA requires a year lease to issue vouchers. 

They are reasonable, down to earth, organized, professional, very fair, best HML I've used to date. 

I am also biased towards the Hampton Roads area over Richmond.I grew up in Hampton Roads and know that market fairly better than I do about Richmond (I didn’t spend too much personal time there).Hampton Roads does have a lot of little gems.

And if you are dealing with a fairly conservative property, it may be unlikely to appreciate by that amount, when it’s time to sell, and so you may end up in the hole.

Hi BP,I've been looking doing the BRRRR strategy on my first property in Kansas City, MO with a wholesaler and I am fairly interested in moving forward with it.