Because of another deal I am financing I dont have the cash on hand to do the deal and while I have the equity to do a HELOC, I do not want to apply for the Heloc until my current deals funds. 

If I pay $70,000 above but can make $400,000 more in both cash flow and value appreciation it's a great deal.1. 

It's a pleasure to be a part of the community and appreciate any and all tips and help I can receive.With that being said I'm looking to begin wholesaling in the San Antonio/Austin TX market and currently looking to meet and work with cash buyers that share similar goals. 

In small college town with high rental demandAsk price 745kGross rent: 9750/mth 177k/yr     (differed maint properties with potential 200/mth per unit increase once renovated) estimated reno (190k across portfolio)NOI: 91,475/yr   (12.6 CAP)    (includes tax, ins, listed maint for past yr)     After reno NOI 127,475/yr   (14.6 CAP) Deal info:    - Owner finance 745k 20yr at 6% 20k down minus deposits (~13k)Cashflow  = 2100mth     (self-managed) (self maint similar to the previous owner)By this alone, 2100 cash flow added per month, it will put me at my financial freedom number of monthly cashflow is equal or greater than my families spending amount.

If they didn't, the seller could foreclose.So, you could either:1) Buyout the middleman with cash and assume existing LC2) Write a new LC with the middleman and leave the existing LC in place, but include language that requires proof of payment to the underlying LC.

That's not including the unit that her boyfriend would be occupying (and any cash he might be contributing to the place on his end) or the store front.

I’m curious do you allow your tenant to pay in cash?  

I would still be cash flow + but I'm just unsure if I have had unfortunate luck and if lowering $75 -$100 would really make a difference.Any advice or thoughts would be appreciated!

It is cash flowing a couple hundred bucks every month (so rent > mortgage).

Are you looking for more cash flow or appreciation?