So any deal can be good as long as you are EDUCATED. and also ask if ther any special assessments, there more things to know, but with these you can make an educated guess.

Do you mean the tax assessment?

taxable to the property owner. i.e. should the property management company charge a "sales & use tax" to the property owner on their services. in some states services such as property management are taxable and either the mgt company or the owner must assess/pay the sales and use tax

Cut your teeth with half a dozen SFRs, buy a 12 unit, then jump into this.

The owner clearly doesn't realize the extent of the work this place needs, hence selling "as is" at the tax assessed property value.

Your mentor can bring you along to properties he/she has and you can assess repair costs together, for example, instead of just reading a table in a book about repair costs.

It is in the lease that a late fee of $300 is assessed after the 5th.

Biggest downside can be assessing the condition of the property.

Hey everyone,

My name is Keith, and two partners and I are at the beginning stages of opening an REI company. I have an extensive background in home repairs and construction in general but lack experience when i...

@Greg Johnson, there's a lot of "if's" in any pro forma analysis, many of which can only be answered by your own PERSONAL investment goals and assessments.