It is very light on documentation, generally has quick closings, and will not require DTI, tax returns, proof of income, etc.

It’s a 64 units, located in Stockton TX, light rehab, asking is 2.460m, Current Monthly Rent: $25,250 Potential Monthly Rent: $79,000, potential cap rate is 25%, ARV is 9m if you sell at 7% cap rate.

There's another bathroom downstairs (renovated) and large room downstairs (needs new floor but is painted and has new lights) which has a lot of old things from the previous owner.

Partnered with a mentor who financed it, closed it in my name, we removed the junk, landscaped the property, had a professional arborist remove a tree hanging over the property, did some minor renovation work, and listed the property on the MLS.

The renovation consisted of all new interior and exterior paint, removal of popcorn ceiling, complete floor removal and install, complete kitchen remodel which included a wall removal and converting half of a closet into a pantry, complete master bath remodel, 2/3 remodel on guest bath, All new interior doors and hardware, new front door and hardware, new lighting fixtures, new landscaping, new paint for patio and front sidewalk, and pressure washed driveway.

We had to do all the typical cosmetic renovations: painting, carpets, and landscaping.

The lighting was shot, flooring was nasty and it was a mess overall.

Floors swept and mopped, appliances cleaned inside/out, windows washed, carpets vacuumed, finger smudges wiped off light switches and doors, all lightbulbs work, etc.

Replace light fixture4.

Put a new security light in, or powerwash it to make it look better-- do something that will show them you appreciate them by reinvesting and LISTENING to what they want in their house.