Make an offer based on you terms!

Adam,Just to clarify I think your post was good to establish the changes coming and it does help to offer insight. 

I planned to assign this property initially for $115,000, but had a major reality check after talking with a lot of local buyers and was lucky to find one who paid higher than my offer price.

I have thought of offering them cash for keys, just unsure how that process would work.

Networking through local real estate investment groups or online forums can help you connect with experienced folks who can offer guidance, but also do your own research on the way.

This actually makes it even easier for an agent because they don't have to drive around looking at 10 houses before their client makes an offer on one.Without BiggerPockets, it would be extremely difficult to find an investor-friendly agent because it was hard in 2010, and today not much has changed.

Use this equation to evaluate how much to offer on a property:Max offer = After Repair Value x 70% - Rehab BudgetDo you homework on comps to get a good idea on the ARV. 

Check the number of bedrooms and bathrooms, aiming for at least 3 bedrooms and 2 bathrooms, ideally 4 bedrooms with 2 or 3 bathrooms to offer flexibility, with one bathroom potentially dedicated to the in-law suite/ADU.

I'd highly recommend local meetups and talking to real estate agents.There are companies that offer help with the execution of rentals and BRRRRs, but this typically comes with a large chunk of upfront fees or cut in equity.

House hacking via multifamily will for sure, offer the experience you need to get started.