Thank you both for your quick responses, I am relatively new to this business so I appreciate any help I can get.With Regards to structuring the deal my main query was about how I decide what rent this guy should pay?

Putting $40K into it is a major commitment and likely a sign that this is not a great deal (repairs are high relative to the purchase price).

Hi everyone, My name is Justin and I'm an investor relations manager for Seneca Commercial Property.

Even then, the cities are starting to crack down on the total number of non-related persons that can occupy a property.

If they're the listing agent, it is likely that they have provided valuable information to the owner, learned the layout of the owners property, informed the owner of their responsibilities under the law, listed their home in the mls for every member to see, show and possibly sell, advertised their home in print and online, fielded telephone calls related to their home, conducted showings of their home and maybe even held an open house or two.

The market is relatively soft for Ashland, but properties sell and if the our local papers are correct, Ashland is bucking the national trend.

This seems relatively easy in Southeast Texas, but very difficult in Washington where you would pay almost double for the same home.

I can't stand it. this case can be considered a 2nd home because of local family relative to the property and its not FRAUD.

Labor-only bids will also allow you to compare apples to apples on GC bids related to specific tasks.If there are some unexpected repairs uncovered during the inspection, this is your opportunity to ask for concessions from the seller.

Hewitt-I can relate, however what you are contemplating is no easy task.