The strategy here is a BRRR 2.0 in the sense that we will not be keeping the duplex but selling for profit as mentioned earlier in the thread to start building more capital for long term holds in the future. 

And the more motivated the seller is, the more willing the seller will negotiate terms and price. 

For not performing the services that they are over charging for.

They seem to have a good business model and one of the owners is an investor himself which is definitely a plus, but they charge a leasing fee (to find and get a qualified tenant into the property) equal to 1 month of rent, which comes out to an additional 4%-8% on top of the monthly 10% maintenance/management fee depending on how long the tenant stays.

@Nathan Gesner  In RI it is now 90 days they can provide the check and you must accept it, to me that is too long.

In terms of timeline, don't plan for it to be a fast process, your rockstar local loan officer will not be processing the assumption, it'll be a group of call center people reading scripts from a computer screen.

Hi all,Long intro- sorry.  

To calculate net operating income, deduct projected operating expenses from estimated rental income, including property taxes, insurance, maintenance, property management fees (if applicable), and any vacancy allowance.Second, think about working with Buddy to get better terms.

Property is a C class area, so I am concerned about the quality of tenant I will get but I am close to Ohio State University, a hospital, and short north/downtown columbus so I am hoping as long as I screen tenants I can find some promising people.

Usually, mid-term leases are a reasonable option for people in this profession but there are so many other professions/needs that most people probably don't target that worker specifically.