Slightly confused. 

(I'm confused on this part)How do I get paid when I assign the contract to the buyer?

My thoughts were that if she received both she would just wait the 30 days and be confused.3.

People confuse a lease and a lease term.

Hello BP,Newbie here….Would like your opinion on this property that I am currently interested in Property Details:Asking: 190,000Foreclosure (I think is listed for sale by the lender)3400 square feetARV: 215,000Major work needed (Every room requires MAJOR rehab)3 unit triplex2 units on the 1st floor with 1 bedroom each.2nd floor has 3 bedrooms with a 3rd floor access that is great for storage or studioMy thoughts: 3rd floor could be converted into a standalone studio with back of house access.I am confused about the asking price… it seems to be high for the condition in which the house is in.

I would like to reinvest it but am confused as to how to handle the RMD.

They will just bully, obfuscate and confuse.

@Gary David You’re not the only one who has been confused by this.

Here are a couple of MF rules of thumb.Repairs & Maintenance: $1000/unitReplacement reserves:  $300/unitCapital Reserves/Operating budget going in (not to be confused with the Capex budget) $1000/unit + 1-month revenues.All of these are market dependent of course, but these are common, across the board, rules of thumb.

I think there are some exceptions that say the contract can be drafted by an attorney but the language by TREC is confusing.