I am a rookie RE investor. I currently have 2 SFH properties in my portfolio and I’m trying to grow. After some negotiations I have gotten a house down to 350k, 4/2.5 2500sq ft. Rents go for 2800-3200. I’m confident I...

His name is on the construction loan and it is secured as well as the cash to purchase the property came from a heloc from his personal residence. 

The salon owner is looking to retire in a few years and she has no ambition to purchase the building, So the owner has asked me if i was interested in buying the whole building.

(There were no pending/contingent) We completed the renovation, and put the property back on the market but the sold properties we used to justify the purchase were now too old.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

Considering an all cash purchase to "park and profit," but open to debt.

theoretically: coop off loading 75% of RE at a price of over 85% of purchase price. 

Max LTV to expect for purchase is 75% of the purchase price, and for refinance, 65%. 

I've purchased to turnkey properties in Memphis.

If you have that much cash it would actually be more efficient to purchase a pre-existing fourplex, put the 5% down and get some concessions to buy down your rate.Hopefully that all made sense.