If none are interested I will get with you to see what we can adjust to make this deal go quicker and stay within the best interest of both you and my clients.

In this part of the cycle we stay away from chasing IRR.

this is a nearly full gut, floors stay, everything else goes. moving walls, new mechanicals, etc. also I guess I know now to draw up rehab plans before engaging contractors.

Short of trying to get a stay, what would some of you do if you were us?

It's super convenient and it makes sense to stay here for the next 4 years. 

@Alejandra RocaHey, kinda late to the thread on here.. but wondering if you used portfolio loans to start or stayed with conventional?

if the answer is “yes” what resources are available to an individual to make sure I stay compliant.I know the big one is being 62... does this apply if the lender is a private party and not an institution.Thanks for the help!

I was actually surprised by a few of these properties and a quick sales comp suggest there is money to be made with little risk.

Anybody know of any good websites to get the local and national happenings on the RE market to stay informed (other than the MLS)?

@Sean Dean few options do the current tenants want to stay?