The market value for the one I purchased for $114k hovers between $139k and $142k, so I walked into that property with equity from the get-go.

Green is good yellow needs to be looked at and Red is there is something wrong.. you simply walk in and pick up a copy of it on the counter..

The PS5 is quite a bit more money and the games are more expensive and could be prone to walking away from time to time.So, how big is the garage and do you have any pics?

You will have had to walk them thru your deal analysis before asking them for your term sheet.  

(I had additional carrying costs from a HELOC, which meant I walked with around $45,000) What made you interested in investing in this type of deal?

Can you walk me through this?

If you walked up to Michael Jordan and said, "I want to learn sports" he would walk away.

Cash flow/FIRE is awesome and most investors start out with this goal in mind but RE investing is work and if one doesn’t enjoy walking the path that RE leads to, RE investing is just another cruddy job.

If you are not sure, find a solid realtor in your area who can walk you through the home, give you pointers and help you list it

(I had additional carrying costs from a HELOC, which meant I walked with around $45,000).Aquisition:We found this deal on a wholesalers website who we keep an eye on.