I’m exploring a potential investment in Salisbury, NC and would love some insight from those familiar with the area.Here’s the situation: there’s a 3 bed/2 bath home listed for $170K, but the owner said they’d take $130K if the current tenants (who are paying $1,600/month) can stay.

I have a tenant who moved into my rental in California in Feb this year.

HOpe this helps...Educate Yourself: Read books and listen to podcasts about wholesaling and flipping.Build Your Network: Connect with other investors and mentors in your area.Create a Business Plan: Outline your goals and strategies to stay focused.Take Action: Start making offers and pursuing deals.Stay Persistent: Keep learning and adapting through challenges.Good luck, and enjoy the journey!

Two completely separate things.Read this: https://www.biggerpockets.com/forums/51/topics/1122635-the-s...

It's really difficult.Some attorneys will help with collections, but their results aren't great and you have to pay them for their time, whether they collect something or not.My suggestion is to turn this over to a collection agency.

This is a surprise after the recent news from Zeus 

He simply wants to be 100% done.Given the above mentioned scenario, I am wondering what the best possible situation would be to make this happen, while possibly still maintaining the option to pull out equity for capital improvement projects with a bank. 

This will likely be a long term buy & hold, either SFH or a 2-4 unit building.Is a 30 year-fixed loan with 20% down possible?

There isn't any annual tune up with this contract, but if the heat is broken, it will be fixed. 

A tenant may only be evicted on this basis if the property is being demolished or if renovations will a) substantially modify or replace a structural, plumbing, electrical, or mechanical system, and require permits, or b) remove unsafe materials, such as lead paint, mold, or asbestos, from the unit.