I believe in the band aid approach over small increases that take a long time. 

I suspect the seller is ready to offload this property so I'm glad there are a couple different ways to approach this deal.

I wanted to ask about how folks here approach doing research on a rental area to determine if it's a good place to be and how granular do you usually get?  

Need to think long-term👍I wish I could upvote this 20 times, and make this thread required reading for every single person who considers this approach to investing. 

Real estate seems like a great way to build wealth, and enough passive income to break free of Mon-Fri / 9-5.My father invested in rental properties in Kentucky years ago, but seemed to fall victim to approaching it as a hobby instead of a business. 

So, I would tell the buyer my fee is 3% and then I would approach the seller asking if they would pay my fee if my buyer (YOU) bought the property.

But, if you just want to make a cash offer to have a stronger offer, have the cash to close, close, then get your loan, a delayed financing approach is the way to go.Feel free to direct message me if you want to chat and/or want my lender contact info. 

@Ginger CarrIf your parent's only income is $25,000 a year, they may be able to structure it via installment sale and avoiding paying taxes.There are some risks involved with an installment sale as they have to be on top of the buyer making payments or having to foreclose.But this strategy might be able to avoid federal taxes and net investment income tax.They may still be subject to state taxation though.However, the best approach might be for them to hold onto the asset and allow it to pass to you with a step up in basis(if it is still around).

Read David Green's book on BRRR and understand the approach, but need to decide on a region. 

Read David Green's book on BRRR and understand the approach, but need to decide on a region.