Originally the numbers were PP- $155k, R- $45k, ARV $250k which would leave us with our ideal 20% equity in the deal but midway we decided to add the 4th bedroom and 2nd full bath in basement which increased our ARV to $280... we hoped.

Ideally would love to get that lower tho (credit scores 800+ for both my wife and I, doing 75% LTV).

Ideally, the sales would come from either your same town or from areas with similar demographics, etc. 

Current address matches public records, as does occupation.

A CO is ideal but you may also find this info on a tax assessment from the 1980's or earlier as well.

But yes, ideally the tenants will not need 5 bedrooms... :) Thanks!

Originally everything was running smooth, the single family row home was in good shape and had long term renters I was looking to take over.The property had minor problems but what made the deal so intriguing was the tenants had been doing all the work on the property themselves and for a first time home owner/ investor it was an ideal situation.Fast forward to now: Covid 19 has interrupted our every day life as well as the closing, my closing date was pushed back from april 13th to approximately may 22nd and now the tenants have advised the owner they will be vacating the property as of may 2nd.

With these real methods, you can laser focus on your ideal target audience.

(It doesn’t matter whether the loss is deductible on your tax return.)You, your spouse, a co-owner of the home, or anyone else for whom the home was his or her residence:Died;Became divorced or legally separated;Gave birth to two or more children from the same pregnancy;Became eligible for unemployment compensation;Became unable, because of a change in employment status, to pay basic living expenses for the household (including expenses for food, clothing, housing, medication, transportation, taxes, court-ordered payments, and expenses reasonably necessary for making an income).An event is determined to be an unforeseeable event in IRS published guidance.Other Facts and CircumstancesEven if your situation doesn’t match any of the standard requirements described above, you still may qualify for an exception.

People who can help find off-market deals are of great value, and agents who invest themselves are ideal.