This is  because of the fast turnarounds they have from acquiring the property to selling to a potential investor.

I would like to add an in-unit washer/dryer and central A/C (I'm not sure how much it would cost for both of these + installation and did not factor this into the calculations).In addition it would be ideal to have seller financing because I could not make a 20% downpayment, I would save on closing costs, and perhaps it would make acquiring my next property easier because it wouldn't show up on my credit report?

When I do this for real I am going to try to acquire the property by driving for dollars.Check this zillow listing outMy quick numbersRent $1600ARV $160,000 x 80% = $128,000 - 65,000 (repairs) = $63,00050% rule with offer price of $63,000 expenses $800 NOI $9600 Cap rate 7.5 Loan servicing $747 private money @7% interest onlyCash flow = $53 with refinance @ ARV of $160,000 and 75LTV Mortgage = $120,000 @5.25 payments of $663 New Cash Flow = $137 Cash needed for refinance $8,000 + Closing costs@John Chapman @Joe Butcher @Harry M.

I'm here to build mutually beneficial relationships, acquire knowledge, and get started in the real estate business.

If this is happening in CA, I'm pretty sure you are acting as a broker when you acquire notes to resell.  

Recently I acquired a Public Insurance Adjuster license.

Start with small properties and over time acquire more and/or trade up for larger multi-unit properties.

Here is something he wrote just 2 weeks ago"Baltimore is a great city for buy and hold landlords I own many rentals, manage them myself, continue to acquire, and I'm speaking of the lower income urban areas.

Hello,I"m trying to acquire multi-family commercial properties but I lack any capitol for a down payment.

I'm considering a multi-unit buy and hold property.  I own two properties already, however, I found and placed those tenants.  This would be my first time walking into a situation where the tenants are already in plac...