Commercial loans are a fact of life if you play in this space. 

I don’t need the friend or family card to be played. 

Student Rental (4BR/1Ba) - $90,000 List PriceOffer: $80,000 purchase price, 3% seller paid closing costs, 20% conventional financingCash Outlay: $20,000 ($16,000 down payment, $4,000 rehab)Rent: $1,240/mth Mortgage Payment (P&I): $344/mth ($64,000 @ 5% interest, 30 year am)Taxes: $133/mthInsurance: $150/mth Vacancy: $112/mth (9% - playing this conservatively)Maintenance: $75/mthCapEx: $125/mthManagement: $149/mth (~12% rents collected, conservatively assuming full occupancy)Utilities: N/A (covered by tenants)I like this deal for a couple of reasons.

We look at this metrics (among others) as fundamentals that very much so indicate a healthy market (healthy location) where not only there will be high demand for rental units but renters will actually be able to pay rent and even pay a premium for more modern (or renovated) units, giving us the opportunity to add value to our properties that way.I hope this helps.

Still, nothing from the other guy yet but I think after I get everything done with the electrician, he will find a reason to make me play around with city permit again.I am wondering, can I file a complaint back to the electrician for all the work he had done to my house?

Learning from BiggerPockets, I ideally should build my team before playing the game. 

If I were you I would do test ads to see how the demand is on filling vacancies. 

@Lonnie Waliczek, the logistics of supply and demand determine the sale price.ie.

He is playing you.

Competitive sports,however, leveled the playing field for me and afforded me invaluable opportunities that I am eternally grateful for.