Details below: Contracted Purchase Price $275,000 Seller agreed to finance 20% down over 5 years and contribute $2k towards closing costs Building needs no works as the current owner has fully remodeled each unit including new roofs All units currently rented, approved for section 8 (if needed), and is current on all licenses/city inspections20 separate parking spaces that can be rented each month for additional income (currently bringing $150 per month)Coin-op laundry on site bringing in approx $175 per monthSee below for property evaluation: Scheduled Gross Income           $92,880.00Less 5% Vacancy Rate              ($4,644.00)Gross Operating Income            $88,236.00Less Operating Expenses Taxes              ($15,179.00)Insurance        ($2,645.00)Water              ($2,400.00)Sewer/Trash   ($6,000.00) Mngmnt (7%)  ($6,176.52)---plan on self managing but need to allow for it Maintenance   ($4,411.80)Total Operating Expense           ($37,022.32)NOI                                             $51,213.68Cap Rate                                    18.6%Our lender does not want to allow us to use the full 20% from the seller.  

I've also checked out B2R and there's another similar one operating under almost the same constructs - firstkey lending. 

I'd love feedback on my initial course of action/plan and connecting with others in my area willing to work with newbies that can add value to their operations.

They also operate in Dallas and Houston and considered one of the best turnkey company in the nation if not the best.

I use the husband and wife owner operator locksmith.  

Hello, I really really REALLY want to operate as sole prop.

Shanna (who is sole operated of our management co) stated she was the contact. the injured party was asked to submit unpaid bills to board members for review.

The government grants you a license to operate over there and that license can be revoked at any minute.

My wife and I decided we had enough of the winters in NYC and just moved to Charlotte a few weeks ago to enjoy a new city and so I could more directly focus on growing my operations / portfolio here.  

I think Excel is great for me as I am operating at a tighter margin, at the moment.