This particular property is a Short Sale in Cincinnati, OH and has about $2k (1 years' worth) of past due taxes on it.My contract with the Seller reads, "At closing, Seller shall pay or credit on the purchase price (a.) all real estate taxes and essments, including penalties and interest, which became due and payable prior to closing...."

Cap Rate is not subject financing so I'd compare it to CoC (cash on cash return) to see if this property would be better for a financed buyer vs a cash buyer or to see if this property should be held short term vs long term, etc.

Long story short he showed me the "good side" and I decided to buy my first investment property.

Thomas:You have raised a compelling reason for why it would benefit you and your company to raise this institutional fund, but you haven't explained why it would be attractive for the institutional investor.

Thanks for the guidance on building the "vision" for someone else too, I have pretty decent contacts in the architecture/building industry and can probably get some good feedback and estimates too.For multifamily I initially thought about starting with residential as it would be my primary residence; however I am still educating myself on commercial multifamily and it is quite attractive from a financing and market stability perspective.

Thus, I actually own the property, even if its for just a short time?  

I'm not saying you need to listen to them all (though i recommend it to anyone) but in the beginning episodes they have short episodes of things to watch out for when researching a MHP.

Start talking to wholesalers, talk to short sale agents, or plain and simple, try to get leads yourself.

I will hear back from the seller by Wednesday morning.A NEW complication has arisen: a great short sale property has come on the market this evening that is a better deal even at $100,000 over asking than the property for which I have submitted.

I like to hear about experiences in renting out a whole house as a vacation rental in San Jose.  How do you overcome the 180 day limit within a year and be profitable compared to long-term rental?  The other half of t...