We created instant equity in the property, beyond our downpayment.

**Buying it for almost 20% undervalue; instant equity**househacking it; I keep 100% of my BAH; I live rent/mortgage free**executing a live in flip; force appreciation into the units creating more equity and increase rents which increases cashflow.

I get around $55/mo for cashflow (renting at $1150/mo)--if I discount CapEx it is about $155/mo.If I get it at 119K and it appraises for somewhere in the mid-120s, I don't really get much instant equity; though this is a long-term turnkey property that I'd hold so I'm wondering how important that is (it'll be appraised again when I sell in the future anyway)?

If the tenant balks at completing the application & paying for the service, or delays or attempts to delay completing same, I know almost instantly that they are not serious about renting my unit, and I can continue forward looking for an actual renter.

Google searches instantly through thousands of web sites to give the ones that that Google trusts and are the best result for the search term you have used...Web sites like AVVO are independent lawyer rating services.

I buy in markets that instantly cash flow but tends to be very transient and one of the areas when down by almost 50% in the crash and still isn't back up.

I also want instant equity so wondering what a good price would be.

I read a book called "Rich Dad, Poor Dad'' that a few people might have heard of and, I instantly became interested and excited to dive into real estate.  

If you can find a turnkey provider who can find you properties with 10% instant equity THAT YOU INDEPENDENTLY VERIFY, then and only then would I recommend considering it.  

Claims that once water gets on anything there is mold instantly.