It was a tough year, but finally closed on my first multi-family deal in Bakersfield, Ca. 

Upon final walk through found out 1 tenant was applying for rental assistance, this tenant never had a security deposit but the question is not about that tenant.The other tenant supposedly had a $1,000 security deposit.

Finally, if we did the cash out refi; our monthly payment only goes up $16. 

This is an opportunity for you to forecast what will be needed but DO NOT make any promises about what will be returned; tell them you can't make the final decision until they have vacated and you have an opportunity to inspect a vacant unit.

Finally, if I sold the property I would purchase another one but in a better neighborhood and flip it.

Finally your purchase contract states that you have the right of a final walk through before you close, so you can confirm the property is empty and broom swept (check basement, attick and garage), not damaged by the movers - and all repairs are completed.

There’s a 3-1 available near me for($30k) BUT has this as the overview: All Highest, Best & final offers must be submitted by 12/5/21.

I have been building rapport with this individual for years and have finally been given this bone, any tips are greatly appreciated.

After many ups and downs this house finally was complete and turned a higher profit than I could have imagined.

Currently under contract for my first deal, a two story Duplex in the Houston Market and currently doing my due diligence before finalizing the deal.