You titled this post "Double Closing", are you doing a double closing or an assignment?

So you can see how that number can double.

Couple that with a nice double-digit CAP and annual ROI and you may have a winner.I think fire damaged homes are a great target for wholesalers.

Based on you picture I would pass on that property.Stucco can have problems up front along with the brick veneer.Do not like all the stairs and double ups.Seniors will have a hard time renting and families do not like carrying items up and down all those stairs.That leads to tenant turnover and limited starting renter pool.The parking lot is thrashed.I also do not like the slope of that parking lot.Makes it very hard to pull in and out of there for traffic and makes it hard to get in and out of the car.To overcome all of those things a tenant will have to pay a way below market rent rate to deal with the inconvenience.Is washer and dryer in the units??

In particular, I'd like to convert the walk-in attic or the basement into a fourth bedroom.

Get the kitchen & baths sparkling & you may double or even triple your money in short order.

Personally if I was a bank financed sounds sweeter as you get what, almost double what the principle is due to interest.And as for beating everyone else, a lot of the time you can't.

I had recently met somebody who said they were looking for a 4 or 5 bedroom house on a contract for deed in Midtown area MNPLS and that they had 10k to put down.

Right, Im assuming they are "double closing" on these properties if they find a buyer.

If I were to kick out the subtenants on the grounds of trespassing, would they be able to complain that the subtenants who are renting bedroom #2 must therefore be kicked out, as well?