Hi,I'm wondering what the official term for this type of deal.

So you’d still have plenty of funds left to pay off debt. 

Were you looking to acquire more homes for that specific property? 

I have been investing in real estate in my local market for 10+ years (flips, private lending, rentals).

The description talks about the buyer assuming the Point of Sale, so I would assume there's a decent amount of violations on there at this price, but if not, it looks like a pretty good deal. 

Assuming it's written in your management agreement somewhere that states the owners are current on all financial responsibilities related to the property, does anyone require them to actually provide a current mortgage statement, HOA payment record, taxes paid, etc..... at least at the time of the original management agreement signing.Recently had a new owner sign the agreement, only to find out after we had secured a new tenant for them, that they were in financial distress to say the least (inquiring about bankruptcy) .

Can you please advise me on how to purchase an out of state home where the owner has a reverse mortgage on it? 

Wasn’t looking for any cash back in this market but definitely wasn’t expecting 23k to refinance these two deals. 

How does your rent compare to market rents? 

I am ready to collaborate and (literally) venture into amazing and profitable relationships!