She is a terrific tenant and routinely texts us just to say how much she loves living in that little house.  

We follow the same policy and usually work out a flexible arrangement, because some rent is better then no rent these days (even though we collected close to 100% for April). 

If things work out I'd love to try to do another property in a year or so, maybe find one at a discount I could have fixed up with the saved cash.

With a substantial earnest money at risk, I was able to work out 12 month seller financing, however the seller increased purchase prices by $40K.

With a substantial earnest money at risk, I was able to work out 12 month seller financing, however seller increased purchase prices by $40K.

$1200 for a 2 bedroom is what they are getting for apartments with a pool, workout room, on-site property manager in good areas.

Meeting up for a drink after work with a girlfriend, my gym workouts, date night at our favorite spot with my husband, etc. 

Do you have a handyman on staff for simple fixes, are are you contracting that work out every single time? 

This will vary by state and I hear NJ has some crazy property tax rules, so you may be correct, but I still would double-check that number.Other than that, your post-refi numbers look good, and your rehab time seems short, but if you're sure it will only take a month I don't see a reason to change that.If the numbers work out after making the adjustments, this might be worth pursuing.Good luck!

My tenants want a water softener and I'm going to work out a deal where they will pay the monthly financing for the system if I pay the downpayment and the installation fee.