Stay engaged!

I have a cousin who lives in Lincoln Park...and I am becoming more and more interested in creative financing options such as the service you provide for my first investment (initially thought I'd definitely go conventional with strong credit score and ample savings).Please connect and stay in touch!

LTB stands with the tenant because the lawn/snow clause is void, and the discounted rent stays because you can't just jack up their rent because you found out your void clause is void.

It sounds crazy but when I'm up there calling numbers and my pit man is in your face and your ear and the other guy is going for it you need to remember what you came to pay and stay with that.Don't try to game it.

When you assume a property with tenants, do you update the lease then with your own or do you need to wait until the lease with the current owner runs out?

In my opinion that is the only way to go, VRBO is great but it's pretty hands on and you will get way more seasonal people wanting to stay in Park City than you will in Salt Lake.  

Stay engaged!

Read books on investing in real estate, listen to the podcasts, attend webinars and stay active on the forums while connecting with other investors in your area and pick a niche.

I will be making updates and I hope to hear how your adventures pan out.Talk to you soon!

60-150k for ARV is a huge range for ARV.First thing I would do here is narrow the ARV down as much as you can before you spend time really digging into the seller financing piece.Next I would try to understand what the property needs for updates and what that's going to cost you.