You could play it up and further demonstrate your level of seriousness by saying something like: "This offer is based on our assumption that the property contains a mix of 1 and 2 bedroom units totaling 16 rentable units, along with our initial research of publicly available information."

Hello Bigger Pockets community,I recently graduated from college and started working full-time as a programmer.

If anyone is wondering why I have to borrow the full $500k it is because we were underinsured due to a combination of my lack of experience with commercial property and our insurance broker not properly advising us on what the policy amount should be.

Make sure to check out the Bigger Pockets Blog: https://www.biggerpockets.com/renewsblog/It is full of great information.

After all was said and done, we had made $100,000 while I was working full time as a math teacher making about $40k a year, but with summers off.

Hoping to start this on a part time basis and eventually move it to full time. 

I'm trying to transition out of teaching to become a full time real estate investor to pursue my own dreams and continue to help others. 

There is a REIA group that meets in Branson and one in Overland Park Kansas - both would be good groups to join - maybe not to attend the monthly meetings, but to attend the weekend workshops they offer from time to time - well worth the cost of the event and a day spent in either city for a full day of networking and learning.In Kansas City  - there is a full day training workshop coming up on the 17th of September and the 22nd of October at MAREI

Maybe offer some help with moving expenses or guarantee a full refund deposit if they're out by a certain date.

Assuming a 6 month, 100% loan for the purchase price at 11% per year plus 2 points, as well as 15% interest for the full rehab, here is an estimated P&L:Don't mislead yourself by focusing on the spread between the purchase price and ARV, as many new to the business seem to do, ignoring all expenses.