I hadn't bothered to issue him a lease, since this being NJ it's very difficult to evict someone for other than non-payment, and you cannot simply choose not to renew.

For rental purposes though I  think most just have to figure out what they are willing to do vis a vi risk / reward.. also in your numbers above there is no PM.. so for mom and pop self manage that's what I would consider pretty attractive for non appreciating or historic non appreciation markets.. 

If you don't have enough Solo 401k funds to purchase the property as an all-cash deal, you can combine your Solo 401k funds with non-recourse debt to purchase the investment property. 

It's not a 203k requirement that the home be in unlivable condition, but odds are the listing agent is going to tell their client to throw your offer in the trash if the home CAN be purchased with a vanilla normal non-reno loan.

Looking to BRRRR in Birmingham out of a Self-Directed IRA (Non-Recourse Loans). 

How do I find public reits for non accredited investors?

we buy listed non financeable properties all the time.. so does networth or what ever other big wholesale RE brokerage in your area they are right off of MLS.. whats the difference of you bringing a wholesale buyer through the house as opposed to a retail one off of MLS.. answer NO difference.. my thought Is sellers in these instances think they are saving commission but the sales price is lowered to reflect it and many times wholesalers just rip the pants off of sellers leaving them with 10s of thousands less than they could have gotten with a property open to the market not just a wholesaler who has his own best interest at heart not the sellers. 

- What happens in either a non-payment shutoff or a flood-type situation?

Hi, I was pre-approved for a non-QM loan and am very close to sealing the deal on a duplex. 

@Lynnette E.And you are very right, if we could get by with just clean we totally would and are cutting any non-essential projects.