In some situations, a landowner might be able to purchase beds already with a license from a an existing assisted living facility.

Unless you want to purchase commercial software. 

It's better to walk away from a purchase that doesn't meet your criteria than to cope with hidden problems later

Issue a mandate to the PM that any repair over #XXX needs an Itemized Time & Materials Purchase Order to be completed by them and your signature of approval, without which the PO is denied. 

For $150,000, this could be $3,000 to $7,500.Investing in a Rental Property: Costs and ExpensesDown Payment and Closing Costs:Down Payment: Assuming you buy a $300,000 rental property, you need a 20% down payment ($60,000).Closing Costs: Typically 2% to 5% of the purchase price.

I am bringing 50% of the purchase and rehab cost in OPM.

Down payment will be a minimum of 25% of purchase price and these programs are generally for 1-4 units.

However, the purchase of the property did included three separate parcels on one deed.

Their jobs include finding properties (he’s a realtor), walking properties prior to purchase (only those we can’t estimate rehab from pics), inspecting GC’s work and progress. - unless the property is a complete gut job we pay for a home inspection during our due diligence- we only hire GC’s.  

I just purchased a foreclosed property but it’s occupied.