Also, how much initial capex did the property need?

@Tri Nguyen1st thing is you should have done your market research initially .

He’s Asking $290k (from which we’d subtract the initial $15k deposit for a total due at end of 12 months of $275k)ARV is $350kOn Airbnb should pull in approx. $4.5kWhat would you call this type of deal and is this the best way to structure it?

Changing your last name to an initial would be wise (not that it will really stop a sophisticated scammer from finding out who you are, but it doesn’t hurt either and prevents your name from coming up in a google search).

@Alex KernusWe just completed a new construction in FL that appraised for $45k above what we initially paid for it. 

Initial Escrow Payment at Closing$7,150Homeowner's Insurance$100.00 per month for 4 mo.$400 per month formo.Mortgage Insurance Property Taxes$562.50 per month for 12 mo.$6,750H.

Initially, I wanted to look at Duplexes and Triplexes but realized that I didn't have the capital necessary to house hack that if I wanted to purchase when I did How did you find this deal and how did you negotiate it?

As far as navigating an agreement with a seller without a buyer initially are you still getting some form of contract with the seller?

We hope to get familiar with this process and to then simply replicate it to more homes and maybe work our way to a MF home after the initial one.

I’ve found plenty of resources for the management of them, but not as many on the initial setup (from a distance).