There are no short cuts.

Some things I have learned so far are:There is no short cut in becoming successfulKnowledge is powerLack of knowledge is expensiveInactivity is the killer of all dreamsExcuses are the tools of the incompetentWholesaling isn't possible without a marketing plan and a budgetIntegrity and character are EVERYTHING in this businessThere are some great people on this site willing to mentor and partner with youYour commitment must be greater than your risk of failureThe list could go on and on.

Thats an easy fix, but Im starting to wonder where the cut off point is.My goal is to sell them, not rent them.

Dana Chun they owe you $7,200.I would also read the leases carefully as you don't know what other undesirable terms are hidden in it.It's not an uncommon trick in multifamily properties for the seller to cut sweet deals to some tenants just before the sale.

By not offering it to the open market you cut yourself off from finding out what buyers like and want, and what they are willing to pay for.

If so, that's cutting into what is probably plaster and lathe and making a new door frame.

There is no freaking short cut!

You may also want to be careful with your numbers here as well, if I am not mistaken, with FHA you now have to pay PMI for the life of the loan which can be expensive and cut into NOI.

Yea, I'm definitely not a believer in "cutting to the bone" if that's what it sounds like.

It will also put food on the table while you cut your teeth on those early deals, and it might help you financially survive the early mistakes that will inevitably happen.