Also, connect with other like-minded people in your community and attend as many in person meetings at your local REIA groups to network and connect + find out about off market deals and get on local wholesalers "buyers lists".Best of luck!

Ultimately it's a matter of preference and deal dependent, and inspections are not necessary if you're confident in the price you are getting

-can your agent help you get off market deals? 

It could save you the trouble of finding a new tenant and dealing with vacancies.

Hello,I recently closed on a BFD deal and looking for direction on correctly setting up journal entries, to make it easy at tax time.In a nutshell...We hold a mortgage on the property with a principal of $150k, 4.25%, 30yr amort (liability)The BFD sale price was $300k, with a $45 downpayment, $255k financed at 5.5%, 25yr amort, 3yr balloon (asset).All transactions are run through an escrow agent, and we just collect the net difference monthly (~$325 or so).   

deal flow  getting deals good enough leave enough forced equity to get your cash back at refi pretty simple concept.2. cracker jack rehab crews that can get these turn overs done in time and on budget.3.

Research emerging neighborhoods, find properties using MLS, Zillow, and Redfin, explore financing options, form partnerships, analyze deals using BRRRR calculators, and manage the rehab process.

With media giving Florida condos a bad rap right now it can mean finding the best deal in 5 yrs on one. 

Looking for some opinions on what to do with this deal.

Figure out the appropriate price point and you can determine which deal makes more sense to you.