Cons:All bills paid propertyCurrent Owner has 33 other properties don't understand why he didn't utilize the extra land on this property.Poor Management so financials and rent rolls provided don't properly accurately reflect what each unit collects in rental income monthly.Each Unit leases either Weekly or MonthlyMy Strategy:Renovate all 12 Units upgrade the appliances and aggressively market each unit Rent each Unit for a minimum of 475 per Unit without the all bills paid option to lower my expensesPut a Laundry Facility on the property there is a Barn that was previously used as a storage space that I intend to convert into a laundry facility.I will love to hear from the experienced investors and learn if my strategy makes senses or any suggestions you provide as this is my first big deal I am involved in.

My question is, if I line up a qualified tenant now (or soon):Do I have them sign a lease now (for a lease term obviously beginning Aug 1) or Do we sign a deposit to hold agreement now, then sign the lease Aug 1 when they move in, hand over keys, and provide first and last month rent via certified funds.In either case I plan to take a deposit to hold now that would roll into their security deposit.Obviously the above assumes their application, credit check etc. all checks out.    

I want to understand it better than I do right now, but apparently on top of possibly decentralizing banks, it could play a roll in driverless cars.

Just because you did exceptionally well 'wholesaling' properties during the last upswing when even our grandmas rolling in wheelchairs could have made money without blinking doesn't mean it applies to 'Current' short sale procedures.

:roll:

We work with a lot of investors that only roll $50,000 to start.

:roll: It's scary, but some people just aren't willing to question authority...

By the time presidential election time rolls around, no one is going to be impressed by an "I'm looking for an *** to kick" speech.

If you cant, depending on the amount you need to cover will dictate whether its worth the rental, floors go quickly by dumping straight out of the 5 gallon bucket and rolling your way out of the room.

If you are speaking about multi family and other commercial properties that sell based upon a cap rate/rent roll/cash flow then I could see where higher rates will hold back these prices as the return relative to investment will be less.