Hope all works well for you and you have the proper resources in places to take care of any/all aspects with the rental!

My agreement with the seller is that I will buy it as-is, for the loan balance, and pay it off when I sell.

Is there a company or service you use that you can input the data and then have the owner paid on a monthly basis and it track the info in a similar fashion as if you were checking your online balance at a bank?

I like the idea of flipping and holding properties, I think that is a balanced way to grow capital and build a portfolio over the long haul, that is exactly what we are doing.See you around the site!

These costs include:Commissions,Closing CostsSellers' ConcessionsHolding Costs (PITI)Repair Costs to SellClean Up CostsStorage and Moving CostsIf you only have 3 - 5 % equity you need to pay the balance out of savings, which could be tens of thousands of dollars.As an alternative, what if you, Mr Seller, could receive:•Usually top sales price for the property in a Lease 2 Own.

I would like to confirm if it is properly zoned for multifamily.2.

The closer to average you are the longer your house sitsthe closer to average in price the longer your house sitsthe closer to average in terms of amenities the longer your house sits.You will no doubt rent your place if it is clean and tidy and not more expensive than the restI have found that testing the waters in order to find that perfect balance between interest and rent price is worth the investment in time.If you get too many calls on the first day you are probably renting too lowif you get no calls all week you are too highfind your sweet spot

Again, simply using the example above, it is easy to understand how excluding $10k of income can change your debt to income ratio which might cause a loan denial.If I had a dime for every 1003 I reviewed from the LO's that use to work for me who failed to properly identify property, which then usually means it defaulted to SFR, I would have a lot of dimes.

You know how you were always taught the government was built on a system of checks and balances?

I really like that you're taking the time to assemble a proper team.