There are lots of resources available online to give you some base education so you can ask more informed questions to your lawyers.

For example, Fayetteville and Jacksonville are some of the only places you might come close to hitting the 1% goal on an LTR, but like other markets (ex: Memphis) where LTR cashflow is strong appreciation is rather weak compared to markets like Wilmington or Asheville where LTR cashflow is poor but appreciation is fantastic.

Asset based loan rather than based on your personal DTI

My name is Brandon and I am based in Connecticut.

Based on the information you provided, it would seem like you have no contractural obligations with the seller, and hence no recourse with the seller. 

Hey Anthony, I am a Real Estate Agent and investor based in Columbus and personally grew up in Cleveland .

I am an Albany-based agent and investor with over 18 years of experience in Long-Term Rentals (LTR).

I am trying to broaden my knowledge base in as many ways as possible. 

Based on these numbers Cash Flow is $-252/mo 6.2% Cap and -14.2% COCIf this was a deal you were looking at, where would you want these numbers to be at to make it a win-win or would you just walk away from this opportunity? 

We then take the utility bills determine base rate split and usage rate.