Within 30 days you can generally get all reports back and work through all seller due diligence material items and receive a loan commitment from the lender and a rate lock.The LOI part is so that my buyers hopefully limit upfront money spent and do not jump into deal after deal spending thousands to tens of thousands with an attorney negotiating PSA's and ordering reports to not close on a property.This is even more important with 1031 exchange buyers as you do not want to set a selection only to find out a massive problem and you now just have 2 choices left as all 3 choices are locked in after the 45 day ID period.

So pending on which state it's in 100% occupied you should have much trouble vs 0 occupied where you have to give them a plan of action of rehab and occupancy timelines. cap rate and or ROI, rental history plays a factor as wellThis is past you having sufficient downpayment and worthy credit.

It sounds like the Cleveland area one off BP is the better of the choices.

Just add that clause to the purchase agreement of your choice.

Your general description would be met on the West and South sides of town outside of I 465among other choices.

With investment properties when you buy can be a big issue however a personal home is not considered a investment, it is actually a liability in many ways, it is a lifestyle choice so it really doesn't matter when you buy.

* Use your resources wisely.Your broker is your go-to person for most decisions, but it's still important that you learn enough about real estate investing to make smart choices on your own from time to time.

A few bucks for the post and a few bucks for a galvanized post base will be structurally sufficient for pretty much any application.

So we have to insure the rental income is sufficient to handle the new mortgage payment.Most of the properties that I find work with the BRRRR strategy are under priced and distressed with rent rates below market value.

1% is more realistic, the higher the better, and hopefully 1.5 or 2%.The reality is that having sufficient rent to generate positive cash flow dictates what you can pay for a property as opposed to the price of the property determining the rental rate.