The seller was motivated to close quickly, and we negotiated a favorable price of $80,000, allowing us to secure the property at a discount and capitalize on its renovation potential.

If a renter wants to extend for a few months their stay beyond the initial lease term, will I be a) required to extend and b) at the same rate as their existing rate?

Try interviewing at least three managers.1.

Tomorrow, I will close on this property, and I have another property set to close at the end of the month.

Is it worth taking a chance on a house that is good looking, at a nice location etc.

Particularly at the level you are contemplating.  

You can reach out to us at brescapes.com!

We have had good luck doing 15-20% profit on ARV in other markets.So if purchasing at the full $500,000.00 we'd be looking for a $700k sale price.

Would it just be like a condo at that point?

Use a screwdriver to poke at the sill plate to look for rot or termite damage.