which is fine Iv done plenty of cash deals but always using my own money I haven’t ever borrowed someone’s money or had a hard money lender typically on deals that wore 100k-250k Iv also used conventional financing before for flips and so on But recently every house worth looking at in my area is around 400k-550k for a fixer upper.

Also, I've added about $250 to my monthly costs to cover utilities.Looking on Furnished Finder, I do see plenty of places in my approximate price range, so I thought my target (average of $1100/room) was competitive and reasonable.

Also, the area I am from will forever have a overwhelming amount of people looking to rent so long term rentals don't sit on the market long there.

Hello All,So there is this multi family property I am very interested.

But oh no, you paid a point!! 

Hana,Great question and the good news for you is you paid for the appraisal so it belongs to you and it can be used at another bank.

So I paid 27,000 in HOA dues and I have the sheriff's deed to the property.

@Jason SkinnerYour post didn't say how much seller financing you were looking for, so I asked and assumed it was 100%.

Has anyone signed up to the Out of State Investor Academy, and if so, how do you like it?

So having some financial modeling background I could not resist any longer.