The unique situation is that my tenant is also my son, and he is ready to start looking for his first home.  

Property is a 3/2 SFH 7 miles from the beach and 4 miles from OWA. 

I will be there the following morning to pick up the keys and complete the move-out inspection."

I found this deal through my local real estate network, which alerted me to its potential as part of a larger development opportunity.

Hey, has any of you guys done the Multifamilystrategy mentorship?

In this case the current financials on the property aren't great(rents well below market value and the owners family living in several of the suites) so the lenders will likely not provide the funding based on poor NOI.  

Basically, they are abbreviated inspections that focus on the more expensive liabilities that investors are looking for instead of under-caulked windows and damage to drywall.

Here’s my thinking so far: the property’s been on the market for over a year, and I know they had an offer for $500K.

The permitting process takes just about 3 weeks.5.

The property was acquired with the long-term vision of capitalizing on the nearby development of a casino, expected to attract workers and residents.