Kareena, that's the marketing number, you really need to get the T12 proforma from them and check their underwriting, what's the NOI every year, their financing, their DSCR, their waterfall, their acquisition fee and their sensitivity analysis to interest rate changes.

If any investors, realtors, wholesalers in the Columbus area has been thinking to themselves, "I have a lot of little tasks like touring properties, checking on contractors, following up with potential clients but I can't find the time to do these things".

You would need to check at minimum:  zoning, whether the municpality would support it, architect, contractor or however you'd plan on doing the addition.What's the current sq ft? 

Assuming it is legitimate, the subject-to model can help you save money on taxes and get you a nice monthly check.

Run it by  your preferred lender, but believe last I checked that was a options.

I got one in the Alabama market and was also checking out the AR market.

Mike,You may need to check on Excess/Surplus Lines (aka Lloyds of London, etc.). 

Just keep checking in with your lender on where things are. 

What about credit check? 

Some CPA check me on this, but I believe that you can't write them off against your W2 unless you (and spouse) qualify for real estate professional status.