TIA for any advice, and glad to have found this forum.JPIt’s honestly pretty hard to say without comparing to actual units, in general I’d prefer something newer with less differed maintenance (less chance of skyrocketing hoa) plus honestly just being a nicer place to live in.

It was intended as a fix and flip, and our original exit strategy was reached. we bought with hard money then did a refi to convential because repairs became drawn out and rented for some cf to by is time. we ended up selling for 405,000 and our loan balance was 235,000.

Just a way for them to make money.

You’d be shocked by how little actual screening many PMC’s do!

You are assuming that everyone actually wants to become financially free.

Pretty shocking how inaccurate the coverage on this settlement has been actually. 

Also, cities and counties are wildly inneficient with this stuff and just because they say you can build an ADU doesn't mean they will actually let you.

@James E.Hi James,I'm not a wholesaler... just an investor who has dealt with wholesale deals.My broad perspective is that wholesaling is a marketing job - where the wholesaler (on the surface) is trying to help a seller, but ultimately is trying to do that in a way that ends up costing the seller more money than it should have, had the seller taken more traditional means to achieve that sale.  

If this tenant is actually a friend, surely they'll understand your position and either pay the higher rent or find another place so you can get up to market rents.

Hi @Max Fajardo sounds like you may qualify for low money down conventional which is a great way to go.