Homes that meet today’s space, layout needs of renters.

. - Today, we bid on 6 NPNs (1st liens), waiting on copies of collateral to perform due diligence. - Consistently go see 2 off market properties/wk for acquisition. - Consistently set 2 renovation jobs/wk for the GC. - Revamp my 2 web sites.     

But the structural codes these are built to today are a far cry from the 70's and the 80's.  

I'm speaking with the management company today to get the full story from them. 

In addition to what you'll find, I just received a call today from an attorney in town who is putting together a major legal action against them. 

Send letters, they are fast.

Many Wall Street investors feel this industry has not moved as fast and is trying to improve the technology.

Or do I buy a home, live in it, and try to pay it off as fast as I can and then move on to a bigger better home in a nicer area afterwards?

I used to buy these with 300 plus a month cashflow and today it’s 0-150 with sound conservative underwriting.

But if they didn't want to exercise the option then they could move and they wouldn't have to worry about selling the house and paying all of those closing costs or losing money as they would if they were to buy it today and then sell it in 4 years for a 10k loss plus closing costs.We have not reached the 5 year term on any of our options yet.