I am 24 years old, just graduated and am moving from Miami to Chicago for work (yes I bought a jacket already).

I bought for 685k with arv 1.5mil to 1.6.

The reason I ask, I bought an old house and need to demo it.  

I went ahead with the purchase of the home largely because he told me $3000 would be the amount I would pay to fix the plumbing issues, otherwise I would not have bought it.

If they are cash flowing, they bought that cash flow with more initial equity in the deal.

I am a real estate broker and investor who's been investing since 1999 when I bought my first property at 19.

It's right next door to a duplex we bought and was a foreclosure so there may be room in the price.

It seems like it'd be an effective strategy if I built a brand in my small town and surrounding areas where people knew they could send me a lead of someone they knew, to make some quick cash if I closed on that deal.Assuming this IS completely legal to do, it leads me to a couple different questions:1.

Our 2 family is way bigger and nicer than it and we bought it for 740K 5 years ago.

You’d be setting a bad example and training them incorrectly if you bought them gifts or reduced the rent .