Any advice on pricing and closing a REO under contract would be greatly appreciated.

@Amber BarrettCommercial leases have far fewer restrictions than residential leases - essentially basic contract law.   

These numbers are approximately and based on financial institutions that I contacted and gave me quotes. 1. 220k x 3.5%= $7700 downtenants pay: 1200 x 3= 3600 mortgage: 1387 (tax, PMI, etc included)water: 170cap x: 200 (appliance depreciations, repairs, etc)loan: 176 (10k loan; my personal loan obligation) PROFIT: 1,667 mon. (20,004 yr) **I could save 6 mons from the profits and pay off the 10,560 from the personal loan.Property 2; I would write and notarize a contract up between me and a relative or close friend that will state that if they apply and qualify for a 30k loan which their monthly payments will be 528, I will pay them 10k over 12 months (834 per. mon).

The vast majority of the properties go under contract before the rehab is done, however, the investor doesn't close until the rehab is done, an inspection completed and a tenant in place.

Hey Kasan,I would not disclose full details of the deal such as location unless you have it under contract.

The short answer is that you will get credit for everything that has a written and transferable contract associated with it.Not all side income will be counted towards forcing your appreciation.

https://attendee.gotowebinar.com/register/3628393146602784258We are very excited for our newest projects, 2 value add apartment complex in Noth Carolina and Ohio that we have under contract.

I am learning so much already...Just want to learn all I can to get out there and get my first contract signed:)

I want to do things, morally, ethically, and legally right.  

As a wholesaler I'm wondering as you are, I've recently put a property under contract that is in the same condition, I know there is no room for fix and flip but as a long term buy and hold rental for $5,000 purchase price I would think someone would want to invest.