Purchase price: $160,000 I purchased a two story home by a military base from a family member for $160,000 but it is worth more.

We give our proven tenants some slack when they are upgrading since we already have a proven record with them.

Sometimes it's nice to get a new lease so that you can increase the rent right off the bat, but having tenants with a solid payment history is worth so much more to me.

Some banks recorded assignment behind our loan other banks just held the orginals in their vault along with an alonge.4.

A property is only worth what people can afford to pay for it. 

If you assign the contract get proof of funds in advance and make sure they are trust worth.

If renovating adding the story would increase the rent significantly and make it more in line with the neighboring houses it may be worth it.

. - Mobile homes are permitted I've verified with the recorded restrictions and by calling the Property Owners Association. - Current owners have surveys, this is a new subdivision.- Public sewer available.- Current owners purchased many lots and they haven't developed them.

Overall the juice was worth the squeeze with Appfolio.

If, a year from now, you have an extra $20k piled up because you have been serious about this, it established a bit of a track record and proves that you are a doer and not just a dreamer.I would also express gratitude that you have a partner that is so cautious.