Don't give up and don't artificially limit your pool just because you ran three people through your magical screener tool and think you need to pick between all of those duds.Also note that many landlords experienced with landscaper tenants find that carpets get trashed with dirt and walls get smudged by grubby hands so something to note for future reference in your considerations for applicants.

I own a property management company and have a considerable amount of clients who has section 8 tenants occupying their units.

The big immediate draw for me is the $30,000 plus immediate equity combined with our appreciating market.

@Betsy Chacon there's other variables to take into consideration.

I use an option contract this way I get a fee as option consideration which is nonrefundable.Assuming that the seller can deliver clear in merchantable title to the end buyer then I can very easily deposit that option consideration and do with it what I wish.On the other hand, if you are not in a position to fund the and purchase the property then I would absolutely not recommend paying for title or any fees for that matter because you don’t know if you’re able to sell the property yet right?

Thank you for all your consideration and help!

The drawings are very, very early and just one proposal for the space.

Cap rate should be 10 or better in this area.I totally agree about economic/demographic considerations.

And even if you do have to draw on it, the interest rate is going to be at least competitive, if not better, than a 30 mortgage.

They also said they would give us the plans after they draw them so we could get other estimates for the actual construction.Also the GC said as of 2006 it became mandatory to have architectural plans for 2 families in NJ...does anyone know if this is accurate?