I really enjoyed the discussion from Jeffrey Tayler about increasing cashflow for rentals - he had some really good ideas that make a lot of sense. 

Here is the deal, we sent out direct mail and got a ton of leads, this is one.House: Duplex 3 bedrooms 1 bathroom downstairs/1 bedroom 1 bathroom upstairs, 2 stall detached garage, owner states not a lot of repairs needed (maybe $2,000 total)Current Rent: $1,225 totalHouse assessed at $96,000Current owner owes $52,000Wholesale offer (from our formula that would make sense for us to buy it wholesale): $53,000 cash - owner declined (too low)If we keep it to rent out do we get a hard or private money loan to purchase for a higher cash offer (we think he would take $70,000) and then take it to the bank after a certain amount of time to get a conventional loan because we will have almost 30% equity in it when we buy it?

Make sense?  

We have the paying off student loan debt conversation about once a quarter but it just doesn't make sense at this point in our lives.

Is this common? 

Hopefully that makes sense. 

Condo associations generally take care of common areas like landscaping, pool areas, and routine maintenance/repairs of the exterior of the building.

Height restrictions when selling lots are common as are anti demo restrictions on historic homes. 

Its a good deal and the numbers makes sense, I can wholesale, or fix and flip. now that the seller has mutiple offers he fills he is in a good position so I must play tough ball. 

So I am in a unique situation currently because I don't own a home and live with my parents (common cultural thing for South East Asians) and now they are moving to Virginia but aren't selling this home.