@Michael PearseThanks for your response I fully anticipated needing to make 20 to 40 offers prior to an accepted one, but shocked how over the top these other investors were vs my offer.

What do you anticipate for future repairs/capital expenditures? 

If you have water heaters exhausting up interior chimneys then be aware of possible leakage.Recognize that every job which you have to do has the potential to spiral into others- I have found a number of patchwork jobs when we went to do work that necessitated doing more work than anticipated. 

[don't mean to sound cheap on the new LLCs, but rehab costs/time have been about 30% more than anticipated!]

If a tenant is anticipating a problem paying their rent, they have been advised to contact us as far in advance as possible to make arrangements.  

We're keeping LTV low, taking more term on our debt than we anticipate needing, and have a plan that focuses on bringing the old leases more in line with the current average rates.We also run Downside scenarios to see what the numbers look like if we're wrong about room to increase or (worse) the market changes and results in vacancy going up and rates going down.Those are not pretty of course, but a large part of winning is being able to stay in the game.

The Pros of a traditional buyer is that they may offer a higher price than expected especially in this market the con is you may need to make some repairs, but, they may be a few quick fixes  the whole process could be easier than you anticipated.

It’s in Dallas Fort Worth area with around 6% cap.Some value add opportunity to raise the rent and potentially exit in 2 to 3 years.Current calculations project and IRR anywhere between 15 to 25%.Should I purchased now or wait until later next year, can expect potentially recession hitting or market correction; where I anticipate having a better deal to buy.

You will be helping a young man make their dream a realityThank you, thank you so much in anticipation :)Ife

It lets me know that the government anticipates growth. 3) Find a vacant structure that can be leased "as-is" or very close to it, or an undervalued performing commercial asset.