Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and that the risk of a breach of any covenant or agreement in this Security Instrument is acceptable to Lender.To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a condition toLender's consent to the loan assumption.

Maybe I'm making too many assumptions, but you said you "even wrote some offers at or above list price".

In your case, it appears that there was not permit pulled, so the assumption would be that it hasn't been done and may need to be replaced sometime in the future.

If you get ANY of your assumptions wrong for a first flip, you could end up with ZERO equity!

Maybe think about it this way: A% down, B% Owner Financing, C% Assumption/wrap, D% New Loan, X% equity.

It really depends on your agreement with the team leader and the team leader's relationship with the client.If the client is a frequent repeat buyer/seller investor I would say you are correct in your assumption, but agency agreements are generally transactional with a specific time frame start to end.  

Its in a neighbourhood close to universities & colleges (walking distance)  A quick run through the BP calculator suggests a cash on cash ROI of 9.59% (with a few assumptions).

Dear Fellow BP Members - I am a part time investor (did 3 SFR deals so far) venturing into MFR for the first time and would appreciate any insights you can provide.Information for the MFR (all units combined)Property Price - $450,000Age - 11 years old.Tax - 1.5% annuallyHOA - $900/month (HOA is responsible for everything exterior, so no roof expenses etc..)Rental Income / month - $5000Vacancy (assumption) - 1 month / yearCap Ex / Maintenance (assumption) - $600/monthMacro market is definitely good in the Charlotte area - although, I wouldn't like to factor in any appreciation.2 questions for the community : When I did my math, the deal sounds 'okay' to me?

A typical example of my assumptions in a decent B suburb:- $130k retail value- $1350 market rent, netting $1285/mo gross revenue after accounting for $65/mo (5%) physical vacancy- $300/mo property taxes (2.8% annually on assessed value.  

Just an assumption, if I lower down the price, what do you think it might be the time to transfer to the realtor?