Sweet, looking forward to reading it.

I've seen banks pass up on some pretty sweet deals in my career.

Hey, I found a sweet deal (3mil) for a big apartment in Austin.

I know you hate it but you will really need your day job while you are building your rental portfolio.Sigh, I had a few glasses of wine before posting the OP, so I apologize if it weren't clear.

Not everyone is suited to being a landlord, maybe they want to relocate, or just cash out and buy a retirement home on a lake...maybe they have held the property a very long time and are just satisfied selling a little low to get a quick offer.Or, you don't have all of the accurate figures, and it is not as sweet as it seems.

Seems like a sweet possibility.Andy

first let me give you numbers (karla i hope you're listening)$450k = asking price$6000 = Rent roll = $7200 annual = $720k Here is the sweet deal...

If this one would have closed in sept, I would have had to pay a $17,000 lien that I did not know how to deal with, the deal still would have been sweet, but my atty. got it knocked down to $7000, & the seller paid that!

Now I'm further below $100 a door in the short term but the leverage may well be worth it and as we continue to improve the property, the $100/door comes back.5) and so on, all the way up to 100% self-financed property at a mortgage of $1586/mo6) take a little early profit for $1629/moetc.Still ultimately more interested in cash flow than short term profit so the sweet spot is probably somewhere in the middle.

It is really sweet that you are wanting to help your family member.