I wish to assume the FHA loan and keep the mortgage, clearing the arrears and paying something to the owners to motivate them for the dealIs there anybody who provides that service to coordinate this transaction for a fee ?

@Maria MoyaI’m not gonna provide any advice.

I work with a team on the ground that can help end to end by sourcing deals, project managing rehab and providing property management.

My thought is the cash flow may be better than long term rentals, providing me with a mechanism to more easily role into a second or a third property.

for 1050/month all bills paid. they claim this cash flows 3600/month (4200-600). the math on that is they say electric is 90 unit, trash and water is 50 each for all 4 so theres your 600 and say they can provide receipts on all this. it's located  a handful of miles, about 6-8, outside the nearest small town with a wal mart etc.one thing is it seems better apts, in town with 600-800 ft, go for more like 1k no bills paid. even adjusting for the all bills paid part, i feel like 1050 is aggressive on these. otoh near me some crappy tiny apt with mold and everything go for 750, and these are much nicer than that. i think 700-800 would be an absolute floor on what they could rent for.i guess i just have no idea for example, insurance?

While I would love to pay less, based on my discussion with them and what they provide, I was comfortable with that.

Short-term rentals of residences, as defined in Article 1, Section 5, may beConditional Uses in the A-1, A-R, RR-1, R-1, and R-2 Zoning Districts, provided that thefollowing requirements and limitations are adhered to:1.

@Bill RiderTalk to your cpa but the answer appears to be no based on what you provided

So what are your thoughts on providing a Bed Bug addendum along with your lease agreement?

I have funded i bet no less than 200 deals in the last 10 year that were from Aussies selling their home that is now a full reno.. many of them in their superannuation funds. ( US version of IRA )  just the dirty little secrets most wont talk about. propertyinvesting.com.auJust posted on there last week.It's completely dead mate.Such a shame.SomerSoft was big and they shut down also and re-started propertychat which is now huge lolBut literally no talk about investing in the US.Aussie's got burnt bad so it makes sense unfortunately Yep, $100,000 in Super for example.Property agreed cost $50,000 but provider put $100,000 on PA.Gave the $50,000 back to Aussie investor so they can cycle money "legally" out of Super.Was a nice little scam that suited many Aussie folks and property sellers in the US.Even tho the property they bought in the US was $#%@ but I guess that was the cost of getting money out of the Super prior to retirement age.