My only consideration for becoming licensed is that my fiancee's mother and sister are both licensed agents and do very well, only as you said they, like so many others do not invest.

Cap Rate is absolutely an important consideration.

Since you dont' seem to have a lot of vacancies this could draw the entire project out over a long time.

She doesn't want to mess with it because it "drags her down".FMV is $190-200K very near major university and university med center.Student housing market is definately a consideration for comps.My offer:She's willing to entertain a year option to purchase for $2K cash because she's worring about coming up with the tax payment.

In the absense of knowing any of your operating expenses, I question whether your DSCR will be sufficient for any lenders to considerate it.

We are working with a lawyer to draw up paperwork that would phase in percentages of ownership for her over a period of time.However, there's also the question of writing off the interest.

What are the benefits/draw backs of either.

You MAY be able to save considerable money and still accomplish what you really need by just adding one or two strategically placed circuits.

That's takes vacancy rate risk into consideration.

You still need to advertise around your auction, but they are a great way to draw attention.