But, for its as-is numbers, I reckon $470k (generating just 0.85%/m gross income) is paying too much, from a pure numbers perspective - because there are PLENTY of properties (around the country) that'll easily get you 1%+ per month as-is! 

I also come from a purely engineering background, but loved REI, so got into it.

Long story: HomeAdvisor.com sent me four high-priced salesmen to push their pure virgin vinyl.

William,Great advice and thanks.I just got back from the viewing and in fact, I created a good first impression to the point that I did show the agent the development I did before and felt could fit on the property I am interested in.Total confidence has been gained from the agent.The property is in trust, so the agent was just chosen purely on their valuation of the property; I have created the incentive that if I get the property, then they have four to sell later.  

Based on my understanding, as long as a person is not on the loan, being on the title itself should not affect his/her ability to obtain financing under Fannie and Freddie guidelines.Ultimately, I don't want you to make a haste decision regarding how to take title to a property and potentially jeopardize your estate planning based purely on information that could be incorrectly relayed to me.

That is pure foolishness!!

There is multifamily on the main streets, but not in the purely residential area that you are in.

Set up payments in Cozy & now I will receive $332/month for the next 7 years of pure profit.

If I liked a property so much that those deliberately omitted details could be overlooked, then I'd be doing all I could to actually own the Title, even if it meant taking out a mortgage on the bargain-basement price, by being patient.But if you're just a pure Wholesaler looking for a quick buck this month, then another quick buck next month with a different one, then fine, option one already works with your end buyers, right? 

Always make sure the property will give at least $200 per unit of pure cash flow.