. $10k does sound like a TON in closing costs, but I guess it is always better to play it safe and be happy if it is less.

I am a full time intensive care physician was working  London most of my life, moved to Abu Dhabi 2 years ago.I started to invest in real estate few years ago, mainly in UK, Egypt, Cyprus and Turkey.

Failing that, stay in your Blue state and just get smart, hunker down, lawyer up, and play the game to win.

AirDNA is a great tool I have been playing around with.

This is when I play hardball.

It’s also a lot more management intense and your expense ratio is higher, similar to an apartment building.

When you're ready take 25k as "play money" and invest in a deal and watch it perform.

Did he transfer any security deposits and last months rent (or sign off that there are none) That all could come into play if it gets to court.Did you send letters to the tenants stating you are now the owner and rent should be paid to you etc?

And no, didn't get here by following the dinosaur play-book. 

Hello BP, I am a newer member of BP and have been working on a potential unlisted deal for most of this year.  The owner is now willing to sell both units as a package for $5.6M and is 146 doors, together.  Both are 1...