Was wondering if this is a scam or not. Any insight would be great

It operates now as a luncheonette/delicatessen.

@Garrett PenfieldI sImply wouldn’t allow the other person plain and simple .

It was simple . they check your credit, your bank statements , youre fundedIf only mortgage loans for this easy

I wanted property manager since I thought he/she will operate the property during permit inspection, ongoing maintenance, rent collection, finding tenants & oversee property follow local rules and laws (as I'm out of state investor).But now I understand I've set the bar too high.

We simple use a home warranty (2-10 or American Home Shield), which is ~$80/mo and offers services for most issues that renters have.  

Simple.

(Total toilets are 5, showers 2, bath tubs 2 and 1 large vanity, 2 small vanity and a simple sink.)We want to create an opening in a non load bearing wall.  

@Russell Brazil  Understood that capex is not an operating expense so technically it should not be included in NOI, I just prefer underwriting it like that to make sure I'm not over valuing a property when looking at it from a cap rate perspective.

The pros that come on the podcasts have a simple formula that works and they execute it efficiently.