History : Initial Yearly Lease was converted to Month to Month Lease after Tenant's request after 5 months of occupancy since he wanted to buy his own property.

Depending on what your end goal is should drive your initial purchase.

The seller was initially asking 400k, I offered 370k and they cover closing.

In my screening process, i have an initial screening questionnaire.

Bathroom hardward (TP and towel racks) - mount to a 1x4 plaque that is screwed to studs. you can pretty much hang on it without pulling out the hardware. i use entry level granite countertops - stain resistant, and should last a long time. i put LVP through the entire house, bathrooms and closets included. its water proof and scratch resistant. while the initial cost is more than carpet, you wont have to replace it as often. i use Sherwin-Williams Harmony line of paint, in a semi-gloss sheen. the semi-gloss is easier to wipe off for small marks, and the harmony line has deodorizers built in. for exterior door knobs, i use the smartkey knobs from kwikset. you can rekey a knob in a few minutes - no need to pay rekeying fees anymore. last tip - figure out which appliances your market typically provides. in my market, its not common to provide washers and dryers, so i dont. thats one less thing to have to repair. 4. i dont see an issue with the gas stove. to convert to electric you will need to have a 220V plug, which could be costly to install if not already there. 

HI @Joey Allison, good work taking initiative in the mailers and working those leads!

Also the initial PPP money really did help keep cash flow stable.

.$125,000 - Total debt on the property$200,000 - Sales price$12,000 - Commissions$188,000 - Sale Proceeds$63,000 - Check from closing ($188k, less the $125k debt)$33,000 - Profit ($63k, less your initial $30k down payment)

Not only will I present the clearest analysis of the deal, but I will negotiate the best price at the same time presenting my buyer in the best light as the story of the deal is as important as the numbers from initial offering, due diligence, through closing.

I initially got a 15-yr 10% down conv loan @ 3.875% (#DaveRamsey) until I realized the benefits of leverage.