Have anyone ever bought a house form Auction.com?

All of those factors, PLUS AND MAINLY BECAUSE OF the personal relationship, I felt was enough for me to commit to a partnership for a little while.

@Thomas WrightYou may benefit from attending a local real estate investing networking event in Brooklyn.More often than not - there will be a wide range of professionals attending the event form realtors/investors/lenders.If you connect with some well - you can exchange numbers and grab coffee/lunch.

But for me it’s about the “grove” I’ve put myself in by leaping into this real estate game with both feet.

The idea is for me to use my personal funds to make the purchase, and for my wife to operate the property on AirBnB, through an LLC.We have a prenup applicable to the funds, and the source of the funds is documented and dated.

That is what works for me

Now if you think expenses will be 35-40% that cap rate changes so it's tough for me to say exactly, but for me I would want a proforma cap rate north of a 7% on a 4.75% debt rate, but its different for everyone.You're best bet is commercial brokers in the area for cap rate reserch, but they're going to be talking cap rates on probably 10+ units if not 30/50+ units.

He’s done 3 houses for me and I’m happy with his work. 

Looking forward to meeting you all on the forms!

depends on tenant age, maturity and previous home ownership history. pellet stoves generally very safe 98% shut off with no electricity so not great safety net in grid down storm. and flame isnt open to being touched and can be controlled with thermostat   but as with everything from tub, pool, gym, ensure they sign legal form, require renters insurance, get your agent to include it and have lawyer draft a memo and add basic training every heating season. i am looking switch over my oil to pellet wood boiler fed by auger but its auto feed system in basement.