You get paid right after they do which doesn’t give them much time to spend it.

Unless the people were significantly value oriented (think super cheap) 95% of the time they would move on to another location over taking the double beds.

I've been creating some of the top rentals in the market for the past 3 years, done well over 100 projects.

@JJ WilliamsI am not a fan of giving cash flow or equity or anything like that in these scenarios- I would rather pick a fixed rate to borrow on and have them act only as a lenderAs time goes on cash flow will increase over time - do you want to owe them for perpetuity on that asset ?

I have written a personal letter to the owner once every six months over the last several years, asking if he wants to sell. 

This post is going to highlight the events that took place over the course of a month for one of my rental properties. 

I'm a broker based out in NYC & LI and have worked with a lot of buyers over the years.

Don't go off the deep end and get into something that is way over the top in need of repair!  

It will be just over 90 days from signed purchase and sales agreement to closing date. 

I also have an investment strategy in place (core/core+ investments, minimal to no rehab, aiming for 8%-12% IRR over a long holding period).