Typically, I look for properties that have some value add play and can be obtained at a 7-12 percent cap rate. 

So if the purchase price is 950K, then that works out to roughly 17K per unit; and if the purchase price is 850K, then that works out to just over 15K per unit.Per unit prices like that usually indicate that the location might not be so hot and the typical rent will be low.

Thank you All - it's more of a traditional deal ie. going the route of a typical investment that will cashflow just a little in our market (MA) with 25% down - for us it appears to be a good long term investment if we had the 25%.This particular one doesn't need rehab so no BRRR strategy here.I'm curious if there are any other strategies that could be used to paying back a private money / hard money lender after say 6 months with this type of scenario? 

I completely rebuild them inside and out and I can tell you I can easily spend 85k on a single family without even blinking.To give you an example, kitchens can run you 10k for the most basic gut/build out, I typically spend around 20k with Ikea (love their soft close and quality) + quartz/granite countertops + slate appliances.

The duplexes available in the Boston market are typically in rougher areas that come with another set of issues.If it was your first rental property, which of the three would you go with (all other things being equal - assuming they were in the same quality location).  

If a tenant wants out of a lease agreement they signed, charge them for it.What to do now: If they signed a 12 month lease, offer them to terminate early for a fee that is a third to a half of the total rent you'd received in 12 months...Your choice, what you'd want to charge them, but make sure your compensated appropriately for the 1-3 months of lost rent and turnover cost.

Some of these have received focus on the podcast, so was curious if everyone agrees with the list or thought other markets should be on the list.

I may let them receive the letter first and then follow up with a phone call afterward.

For bigger accounts- for instance, if you're marketing to large apartment operators- I would send them the type of Fedex envelope that is guaranteed to have been received.

Getting someone else to give you there house so you can profit from it is a difficult task, but a couple points you can make to sellers, depending on their situation, to help them see your point of view and want to do the deal are:- Earn Hassle Free Profits- Get Multiple Pay Days- Sell your house with No Commissions- Rent your house Without being a LandlordThis all stems from the strategy of the Seller receiving an upfront Option Payment, Monthly Rent Payments to cover their PITI, and Profits when the property Sells.