Also have to factor in sales costs. 

@Chris TedeschiThere are several factors that go into this decision, but ultimately it should be based on your overall asset protection strategy.

Some HMLs/private lenders don't have credit score requirements.This makes sense as your credit score is a good indicator of long-term creditworthiness, but in the short term (like the typical term length of a hard money loan) factors like liquidity are more predictive of timely repayment.Best,Michael

I just bought the property and for sure have to do termite treatment.

There are a lot of different factors that go into it, like how much time do you have to dedicate to getting your first deal?

@Jillian EzMy CPA told me to talk to a real estate lawyer for the best answer, but offered this:“This depends on several factors including concerns for liability and budget.

Again, not being completely blind to other factors: inspection is good, cash on cash is reasonable, etc, etc.

Investing in as a LP vs being a GP involves so many other factors. 

They have to have some motivating factor in their life for it to make more sense for them to sell it to you, knowing they're likely leaving money on the table, instead of listing with an agent.

Should I deduct from security deposit for cockroach treatments?