The Norwegian tax code lends itself to live in flips however so if that’s an option for you, then you could do that without paying taxes on your sale, if you meet the simple conditions. 

You will need to have access to MLS for this step since you will need to see all the terms of the purchase of the properties (if there were seller concessions, etc.) and in order to see the condition and quality notes (C3, C4, Q4, Q3, etc)  So the closer the comparables are to your home in condition, square footage, year built, BR/Ba, ans date sold the better it is for your case.And just for a quick info point using comparables that were built around your build date are fine. 

Hi all, would like to hear your opinion on this deal:- Irvington NJ, at the southeast part- 4 family, didn't see the place yet, owner says it's in "ok" condition meaning no fixing required yet. all units are month to monthINCOME: 3br ($1250) + 3*2br ($1050 each) = $42,800EXPENSES (rounded):Tax - $10,000insurance - $3,000water / sewer - $800common electric - $500heating and electric are seperatedmy additions:super - $2,000maintenance 5% - 2640vacancies 5% - 2640management 10% - 5280TOTAL -  $26,860NOI = $25,940 How much CAP would you assume for this deal to determine the offer (let's say it needs 15K in update)?

@Keola AdamsWhen determining if you have a deal or not you want to focus on price, timeline, condition of the home...most importantly the reason (motivation) they’re looking to sell.

Although there are different conditions, a title with a cloud is regarded as a title with a flaw.

One side was rented out until just recently and is in decent condition, the other side has been completely gutted and reframed.

George, employers are important but all those smaller towns you named attract retirees that don't like to drive in big cites and need to be near doctors and social activities.

Both washer and dryer are only one year old so in great condition.

Lenders look at what is called "the five C's of credit": Charactor, Capacity, Capital, Condition and Collateral.You may be weak on one of the C's, but if the others are strong enough, it will get you a loan approval.

Unforeseen incidents such as differing site conditions are not the fault of the owner or GC, and thus the two parties must be able to negotiate options for a resolution.