Also the buyers option it not 850000 its now 872000 and includes a second property with a newly built garage valued at around 60000-80000.

The town I had an SFR rental, people don't care for absentee landlord or their tenants, said so to my face, and call the town on various issues, such as if the lawns are not mowed.

@Shelah Tanner A wholesaler is just someone that has built a relationship with a seller and has a contract in which thenwhilesaler can market and “sell” the property on behalf of the owner.

First is a house that was built in 1910 and the second is a building made of bricks built in 1986.

I had it built brand new.

We currently have one property that is doing well and we're looking to spend some of my time adding to our investment portfolio.There is a duplex in the town next to us that looks great and appears to be turn key.

@Jim Goebel Yes, we've built up some equity!

@Cameron Belknap FHA loan rules in HUD 4000.1 mention not counting the basement as part of the Gross Living Area; however, part of the FHA requirements found in HUD 4000.1 includes a section on “converted spaces” which states:“The Appraiser must treat room additions and garage conversions as part of the GLA of the dwelling, provided that the addition or conversion space…is accessible from the interior of the main dwelling in a functional manner; has a permanent and sufficient heat source… and was built in keeping with the design, appeal, and quality of construction of the main dwelling.”Furthermore,“The Appraiser must analyze and report differences in functional utility when selecting comparable properties of similar total GLA that do not include converted living space.

Once you have built the relationship you will know why they are attached to home and why they would think about selling ..

Purchase Price: $350kDownpayment: 20% = $69kClosing cost: $6kRenovation/Repair cost: $40kUnit Make-up: 3 Units (each 2 bdrms, 1 bath) Rent: ~$1800-2000/unit (per rentometer) (Ran numbers based on $1800)Neighborhood: C neighborhood (not ideal)Built: 1901 (Most questionable part, many items may need replacement and extra maintenance annually) Thank you in advance.