I have read rich dad and ultimate beginner guide.

I know what the offer was, how much the previous realtor agent valued it at, and what the bank ultimately wants.

@Billy Mclachlan I am ultimately looking to replace my w2 income with cash flow.

Once you get comfortable with the process and you find a deal worth pursuing, reach out to the listing broker and request the trailing twelve month financials ("T12") and current rent roll to get a better sense of the financial prospects of the property.I also recommend a few books on this topic that should help you get comfortable with analyzing deals: The ABC's of Real Estate Investing by Ken McElroy (Chapter 7)The Ultimate Guide to Buying Apartment Buildings with Private Money by Michael Blank13 Steps to Valuing Your First Multiplex by Ben Leybovich

I call it 'Inflation Induced Debt Destruction' and it's the ultimate hidden wealth creator!

Thankfully one of the residence is a real estate attorney and owns a property management company so he appropriately got the rest of the community involved so this didn't pass.But ultimately associations can have a lot of control over what you can and can't do with your rental and whatever control they don't have they could just make your life that much more hectic.I hope this information helps and gives you some food for thought.

Of course, you need to read The Ultimate Beginners Guide to REI here on BPIf you haven’t already, please read/listen to these books ASAP!

Ultimately I'm trying to figure out a fair partnership.

I don't think the wholesale industry can survive this tidal wave of bad wholesalers entering the marketplace.

Of course, you need to read The Ultimate Beginners Guide to REI here on BPIf you haven’t already, please read/listen to these books ASAP!