Purchase price: $160,000 Sale price: $263,000 New construction built to live in and sell after a couple years.

Recruited and fully trained Sales Team (First 90 days) was provided.

I'm of course going to ask the owner if the unit is legally a triplex and I did confirm on atlas.phila.gov that it is RM-1, which is good but wanted to see how I can confirm through online records that it indeed has 3 units and not 2.

Since this is the first deal that you are doing with him, I would not offer 100% financing unless you are fully confident that sale price will exceed ARV.

Same thing on house sales, more people & competition in the rental arena will move some of those people into the sales camp, again raising prices.

Often times they will have properties in the same town/area and can give you much better revenue estimates than those online. 

The rule states that your rent should be at least 1% of your property’s sale price.The 1% rule or guideline is a helpful tool, but should not be your main metric of success when analyzing an investment property.

In the 3- Star property segment, price declines were less pronounced, falling about 15% from the peak where deals once traded for approximately $210,000 per door.In addition to asset quality, investors adapted their approaches to stay ahead of rent growth, leading to noticeable shifts in sales volume rankings.

Please reach out, happy to connect since I'm currently in the process of trying to break into the commercial investment sales vertical. 

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.