The problem with one off leases is that if there is a problem you will end up having to pay an attorney to learn that lease.If you want to go at it alone you might also consult with the attorneys at the title company that close your deal.

They don't account for that in their analyst for a deal.

Meet with local agents, investors, and mentors for tips and possible deals.

Hi everyone,I'm currently negotiating a real estate deal and would appreciate some advice on how favorable this offer sounds:Price: $3,170,000.0017 units50% down payment5% interest rateBalloon payment in 3 to 5 yearsThey're open to either interest-only payments or an amortized loan structureAdditionally, I'm trying to secure the best financing option available.How does this deal compare to the current market?

However, if you can it can be lucrative.

I thought I'd share a few deals from time to time of what I'm underwriting to help anyone out who's learning how to underwrite and comp deals.

I am in South Carolina also and have extensive experience dealing with purchasing and selling properties with title issues.

Obviously there's a lot I don't know about your deal, but using napkin math and your figures, Id go for it - I think $1600-1800/month is realistic depending on the area at that valuation (just guesstimating the neighborhood quality based on ARV).

What made you interested in investing in this type of deal?

However, I did not take the necessary steps as I was hesitant due to lack of funding and having potential buyers for deals.