I planned to assign this property initially for $115,000, but had a major reality check after talking with a lot of local buyers and was lucky to find one who paid higher than my offer price.

Hello to All, My name is Lynwood Washington and early preliminary stages of planning to make strategic moves to purchase my first rental property.

The REPS-9 election prohibits grouping short-term and long-term rentals, emphasizing the need for careful strategic planning.

Now i plan to have it fully rented and the policy is looking to be $1860 for the year.

IMHO: This has been a long term plan for government with a few goals. 

Great to develop a plan to acquire an initial property in 90 days!

Review floor plans and virtual tours, paying attention to layouts with separate entrances, private bathrooms, and potential kitchenette spaces for the in-law suite/ADU.

You’re investor makes close to 10% cash on cash if you keep all your money in the deal…however if you do this process right you will have equity upside after closing on the property snd then can decide if you want to refinance ect based on your business plan.

The key is your lawyer submitting your renovation plans to the court.  

I plan on submitting claim forms for properties I've sold that fall within the "Settlement Class" as defined by the US District Courts as part of the class action suits against NAR.