This way, you know the contract itself is legit and you just need to worry about filling in the proper terms (i.e. your earnest money deposit, specifying your escrow/closing agent, giving yourself a favorable inspection period, etc.). 

I don’t have the money to put a big down payment on this thing, and based on their numbers I think I’d have to get it closer to 700k for it to cash flow properly (almost $100 per door at 700k and 100% financed).They may be willing to seller finance 10%.

Mean while my Father a Broker , My Brother an Agent & a Friend of Ours a Pre- qualfier for Home Purchasing's could e useful as a Team to Buy n Flip .

My gut feeling says you probably won't get all of the rent, and they'll be out by the first.The most costly expense is a bad tenant, so once they are gone, make sure to screen your next tenants properly.

will do, @Bob E.

@John Doiloitte You cannot make them leave but just give them proper notice the inspector is coming.  

Also - If I verify all my contractors have proper insurance does that negate needing builders risk?

It was under market, so we just gave the tenants proper notice and raised the rent. 

I know this is old this this might help. https://www.eventbrite.com/e/investors-automate-your-bandit-signs-on-the-cheap-tickets-29486289285

50% rule means your expenses should run about 50% of your income (and it will when you implement the proper operations). $495 x 6 x 12 = $35,640 gross income. subtract 5% vacancy and your effective income is $33,858.