You'll want to ask for an itemized invoice if they do not adjust downward significantly and plan on spending some money on an attorney to come up with a strategy. 

Some tenants will shape up if they see the new owner means business (paying rent on time, etc.), so it's important to enforce rental agreements when you take over. 

About 1.5 years ago, I purchased (conventional loan) and have been living in a 3x3.5 townhouse with a family member (brother) in a first attempt to start building equity through a house hack/BRRR strategy. 

The best strategy I see for it is as a Luxury STR, I’m just not sure the market supports this. 

So far, I've managed to build a really good team to support my business from agents and contractors to wholesalers and lenders.

My business partner spent over six months negotiating with the seller and we ultimately purchased at a 20% reduction from asking price.

I have access to others of like mind that can help me put syndicates together to purchase larger apartments.Outside of real estate, I'm busy as a CFO to a large dental practice that my husband owns that brings in capital for us to invest in RE... and I love taking care of my girls that are 16, 13, and 9 and teaching them all about passive income investing via RE.

If you're concerned about break ins when it's vacant, there are other strategies to prevent that.

In some states, a real estate license is required to originate private money business purpose loans.

Hi Michael, I am a robotics and automation engineer that has recently jumped into real estate full time, using the BRRRR strategy.