I have heard people say that you should really do thorough screening and approval of tenants but given that they have been good tenants so far I think thats probably good enough!

I worry $20,000 might not be enough if there are hidden repair costs that aren't initially obvious.I'd recommend getting the house under contract at a price you are comfortable with and doing a thorough inspection to ensure your rehab numbers are accurate. 

Hi everyone.I’m looking for a reliable and thorough home inspector in the Fort Walton Beach area.  

Just keep writing offers.I agree many OMs need to be thoroughly vetted as most are overly aggressive and probably even more so now that interest rates are rising.Happy to connect to see how we can help.

You can minimize your risk by knowing the area and buying only in good neighborhoods, getting a thorough property inspection to make sure there are no major issues and lastly, find a good property manager.

thoroughly review relevant family facts, including whether or not the deceased died with a will, the names and addresses of all heirs and other parties in interest, including their relationship to the deceased and (if relevant) their marital histories and whether or not they had children, the goal being to clearly map out the deceased’s line of succession with reference to applicable sections of the Estates Code;2.  

Trust only yourself and be thorough; in this business surprises can be expensive.

Thank you for that thorough reply, Randy!

In a foreclosure, the seller is typically the bank, so they're trying to shed liability. https://www.investopedia.com/t...The bottom line is that you need someone - attorney or title company - to do a thorough title search and issue a policy that protects YOU and not just the lender.Good luck!

Considering all the variables - location, team members, tenants, economy, and MUCH more - it’s important to keep in mind that these are, although useful numbers, just estimates.Projections are fun to track but should never be taken as absolute truth.However, now that you have a better understanding of where the cash flow in a real estate syndication comes from, you should be able to more thoroughly understand and vet the figures you see in the pro forma and investment summary, which will lead you to make wiser investing decisions.