Usually, good deals come about from motivated sellers and not sellers who are not motivated and asking high retail price points.Yes, you want to get as much info as you can from the seller, the submit your LOI ASAP but keep in mind that what the seller gives you are tells you and what is actaully so are two different things.Granted this deal is no apartment building and therefore you will avoid some of the costs associated with that type of investment and therefore, your OE ratio will not be as high as 50%, but if you pay taxes and insuranc ean I would assume utilities, there is no way you can expect a 25% clip which is what the seller is pitching you.Teh info you really need to know is why is the seller selling?

However I think it could have been avoided if there was communication with some explanation and clear plan forward at the time.

per window.Remove or fix fence $500--$1500Tent Termites $1400Flooring about $2.50 per SF under airKitchen sink and granite estimate $$6500Bathroom $2500Electrical entire house wire with electric panel $3500New doors, locks, ceiling fans, wall plates for outlets and switches $1000Interior Paint $1500-1800Insulation $1000Drywall $6000K to redo drywall for 1200 SF house which is $5 SFThe best houses to remodel are houses with good roofs, good central air units, nice yards, no plumbing or electrical issues and NO swimming pool.

That method is pretty much exactly the way my wife's and my mentor teaches to do it:  Fix everything, price it right, and screen tenants carefully to avoid capex, vacancies, and trashed properties, resp.  

I've done several mobile home deals in parks and in my experience, park models should be avoided. 1 bedroom homes, whether stick built or mobile, have a limited buyer pool.

We love the school district and the distance from my natural hair studio that I opened in central phoenix about a year ago.

In the US, we tend to avoid using new builds for rentals because they are more expensive than currently existing houses.

I am in contract and sign the first of next month.My concern is that the banker is telling me the underwriter may not approve the loan because the units are to similar and they will feel I’m only saying I’ll occupy the other unit to avoid the invester fees.

I have an investor that owns a 2 acre parcel of land near the attractions in the Disney area of Central Florida. 

Avoiding rental income to take advantage of refinance income?