Then, you'll be in a much better negotiating position because you'll be able to show the seller what the building should be worth based on its income in its current condition - that is, the basis of your offer price.The seller needn't be concerned with the ARV, but it will be important to you when seeking partners and investors.David J Dachtera

Details:*Willing to spend ~$180k; Prepared to put 20% down on a Grand Rapids rental property*Not seeking a fixer*Will need to hire a property management company Goals: The obvious: passive incomeDuplex, triplex or single family w guest unitPurchase a home with tenants already occupying and generating rental income Top-of-mind concerns:*Winters in MI wear and tear on roof, pipes*Cost of property management, costs to heatTenant selection, How-to from Los Angeles to MI*Offer / escrow process How-to from Los Angeles to MI

I'm seeking advice what to do after my flips to remain on uncle SAMs good side without killing my liquidity.

There are aware of the problems and over the past year I have seen much progress, but there are still a number of pain points that make you want to give up the whole. 

That is as far as ACTUALY experience/education goes for meI am seeking a mentorship/partnership.

If you don't have money I think there are better ways to get your foot in the door for home ownership.In your shoes I would seek out motivated sellers that might allow you to gain some equity that you can then snowball into full ownership.

Keep in mind the DTI ratio is a key component to underwriting consumer mortgages and you may eventually want to seek out a portfolio or commercial lender.

Meanwhile, you will pay a very high price eroding whatever profit you expected or worse...going into negative losses as ongoing delays caused by Sherman Bridge Lending force you to pay spiked interest rates for an extended period of time leaving you at their mercy as they control your refi by threatening high fees as a penalty for seeking refi elsewhere.

They seek around 30% returns annually.Thanks!

Seek out other couples that invest and invite them to lunch.