The property is occupied by low income families that have rented at the property for a few years.

I am worried about Zillow being a detriment in this situation if a potential buyer sees the low price on Zillow. 

. $450k seems like it will work but need to convince him to drop his price that low.

Hello All,My investment partner and I are thinking of different avenues on how to buy and hold homes in low income areas.

Hello All,My investment partner and I are thinking of different avenues on how to buy and hold homes in low income areas.

The vacancy rates are extremely low in VT as there aren't huge apartment complexes all over the place. 

June 1, Would I be able to refinance to a traditional type mortgage or any other low interest mortgage to pay off hardmoney lender but be able to hold on to the property at a lower rate until it sales? 

I know people in Ohio (Fremont), the landlord friendly state it is, the low vacancy rates and the employment opportunities near Cleveland drew me in. 

It came out nice and gets top of market rent for the size and neighborhood, which is a low income area in transition.

@Justine Scheuher I'm with everyone else in that your partner should receive a pretty low stake, or just pay your partner for services rather than give away equity.