if you're in talks with the owner then just bring them a purchase agreement and take that to a RE attorney or title company.

@Cosmas Paulosi we've posted this hundreds of times, because it's very logical:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

They are Memphis's finest 100% purchase & rehab hard money lender and also WILL NOT let you buy a bad deal!

The discounted purchase price gives you use of the interest on the date of purchase as opposed to the date of maturity.

Andrew,I have purchased a few RETA deals recently (Mexico and Portugal).  

I am looking to purchase a house with a basement MIL (separate entrance) and will STR the MIL.

One is LTR and other recently purchased will be a STR.

If you just want a little bit to help purchase the 'next one', then reduced leverage, increased cash flow monthly, and repeat until here in a few years you can refinance a few into something bigger.Good luck! 

You may need to be able to justify why it is no longer a 2nd home (your rationale, what has changed in the 2 months since purchase that led you to change your mind on usage?).  

Here's a breakdown for a rent-by-the-room investment property in Denver: - 6 beds/ 3 baths- Purchased in March 2024-Monthly Income: $5,300: Master: $1000; 2 large bedrooms upstairs $900; 2 bedrooms in basement: $850 and one small bedroom for $800-$300 Reserves-$3500 Mortgage Payment-avg $500 in utilities=$1000 in monthly cash flow!