This is my opinion only, but I'm going to shoot straight here. 

If I were to have to start from scratch I would start with on market deals straight from the MLS. 

It is true that you can save money on your renovation by putting in less expensive, prefabricated countertops straight from the home improvement super store, but buyers look closely at countertops.

Do you just go straight to the lawyer and have them draw it up?

I’m not discounting other expenses like maintenance etc.

This is our first commercial multi-unit deal, my partner has 7+ SFU's all house hacked in VA, but, this is our first entry into Lehigh Valley and multi-family space.Deal Specifics: Deal Type: Off-market, 9 unit plus coin operated laundryAsking Price: $800,000Target Acquisition Price: $760,000 (4.5% discount)Gross Rents: $92,000 ($7,667/mnth)Down Payment: 20%Financing Terms: 6.125% fixed 30 year commercial loanOperating Costs: $28,272 ($2,356/mnth)NOI: $63,728 ($5,310/mnth)FCF: $19,164 ($1,597/mnth)Deal assumptions: Vacancy: 8.33%PM Fee: 10%Maintenance: 5%Closing Costs: 4.1%Key Metrics:Meets 1% ruleFCF/Door: $177/monthDSCR: 1.43Cap Rate: 8.43%Cash-on-Cash Return: 10.41%Would love to hear anyone's thoughts, particularly those familiar with the Lehigh Valley area.Thanks again!

That's why - my potential house - which is on the bigger side and thus should reflect a discount on the sqft price.I really like the house, location, size, area...I just don't know if with the current market & Corona situation if I still would have offered the same and I know no one can give me an answer to this.I think I would like to be open to the seller and tell them that I would need another discount or else will back out of the offer.

I know the point of BRRR is to find properties at discount rates, but is a bad idea to start with a property high in value with some potential for appreciation?

Are they interested in selling their properties for a discount? 

Figure out what you're psyched to pursue, then worry about whether or not the broker's license is useful.Though, I'll jump straight to the punchline and say, in the vast majority of instances, I don't think the license will actually be all the helpful, but that's just my $0.02.