Here are my numbers.Purchase price: 113k15% down conv: about 21kSeller paid my closing costs in lieu of paying me a commissionRehab: 15kMortgage: 647HOA: 300Rent: 1575 (1550 + 25 for a pet)ARV: I'd say 160 but there are only 6 of this particular unit in this whole development and none have sold so no good comps, 145k on the low end.

I have never accepted pets before.

Seeour website for a complete list of qualifications and other information.Pets: Prefer no pets, but will accept on case by case basis.

Do you then raise their rent in effect penalise him for his health condition.Raise their rent to market and pay him separately for the work he does.

This rolls the tax one would have originally paid on the sale into the new property, deferring it until the sale of that property, unless that property is exchanged again.The tax can be quite significant, for example here in California our capital gains tax rate can be 30-40% of the gain (when you add up the federal and state capital gains taxes, depreciation recapture of 25% and the possible health care tax).

Eventually, I found it was easier, slightly more profitable, and better for my life/health/sanity to stay out of that area.  

Looking for any suggestions, feedback, cautions regarding this potential deal:Very motivated seller, currently living out of state with health issues and is tired of trying to sell (we've been watching it for about 6 mos and had originally talked to him when he was at 80k)Originally listed at 80k, reduced to 65k.

,For the sake of your own health, sounds like you need to lighten up and hire someone to do the "worrying".If you have few units and a single missed payment puts you in difficulty, that I can understand. 

Vernon and Effingham, I do home health therapy and have always heard that it's hard to find quality rentals in small towns.I feel like it's a niche market that could be tapped into.

You miss out on families worried about kids in the road, pets getting out, backing out of their driveway.