With later move ins we verify criminal but not rental history, so he could easily be trying to move in people that he knows would not pass your standards.It is either a misunderstanding or he is hoping you are a landlord that will be content to accept rent and not enforce the agreement.

On the other hand, some buyers looking today, will already be under contract when the house is finished, so you lose the chance with them anyway if you wait.

We would have loved to have kept it ourselves but We just didn't have the cash to pull it off and couldn't find financing.If you have $60K to spend you can find a property that will cash flow well, pretty easily in the City.

Rehab $8k#3 $900 purchase, $1000 lawyer fee, $600 backed taxed= $2500 total investment...rehab $10kTotal investment if i rehab $50,300So I fly all the way out there to purchase real estate because I’m tired of sitting on the sidelines and now IM SCARED bigger pockets, any good advice on what i should, I’m so afraid of losing money investing in this area.

I would like to find something in the DC area because it will always have a renters market, I could liquidate pretty easily if I needed to, and I would be close (mileage wise) to my first property which would be ideal.I am also considering properties in my college town.

Section 8 can be good as long as your unit passes the program's housing quality standards, but with all that student debt she'll certainly need some supplemental under the table income, if she makes too much on the books she'll lose that voucher and possibly not be able to afford the unit anymore..

Should they lose their license?

If something goes seriously wrong, you want to walk away losing only the property and the investment, not your house/car/401k.Get a good real estate attorney to draw up the deal.

Repairs could easily cross over the 10k mark and add in a 3k fee and resale costs and the property is at market value.

You will lose ALL respect from your buyers if you ask them if they are interested in a property that is listed by someone else.