Finally, does your landlord understand the costs of eviction?

But I saw opportunity in it as an investment property and she was interested in using the home a a long-term rental, not Airbnb.Fast forward to a week ago, the owner reached out to me after very spotty communication through emails and we finally met to talk about details of the rental idea.

I’ve been doing a lot of research and I’ve been lurking on these forums for the past month and felt it was time to join the site, get some advice, and finally dip my feet in the water.

Sounds like you should go hard money for the acquisition and renovation and then go with a no income/no seasoning or short seasoning product if you want to make it a long term rental. 

Reason I can rattle this off - we did the Freddie Mac acquisition financing on the The Rylee Ann Apartments - a 105 unit multifamily deal a few blocks northeast of the Old Wenatchee Bridge (and future Hale Park) in 2019 and have been active in the market over the years.Let me know if you ever need any market data that would help with your planning (CoStar / Yardi / REIS / Axiometrics / Appraisal), rent/sale/expense comps, entry/exit construction / bridge / takeout planning, or stabilized operating budget assistance. 

W.r.t. your ultimate end goal, would you want them onboard to reinvest to help fund future complete projects (i.e. acquisition, rehab and perhaps even guarantors on long term financing) or to be able and execute larger campaigns?

Hey @Joe Cicero, is this the final closing statement?

Great job, benefits, etc.I am finally getting my ship righted after the end of my marriage and am looking for a way to catch up as far as my retirement goes. 

You choose an insurance carrier and property management company (if not self managing) and if financing you work with your lender on final approval. 

Well, I finally found a property that I wrote "Yooooo" next to the monthly cash flow of over $600.