You are purchasing an option on the property for a period of time at a set price.

A lot of factors go into risk.Make an offer with a due diligence period.

I will not increase the rents on the current tenants if they decide to stay and endure the renovations for a period of at least 1 year.

As much as I love my music, I have basically turned it off and listen to the podcasts whenever I can, and I also learn as much as I can from knowledgable people not only on the site, but in life period.

If the bank calls the loan due, you have a set period of time they give you to pay it (it's not due overnight).

I will then do the pretty stuff over a two year period.

Have you thought about over what period of time you'd like to get to the $4500 a month?

My investor partner on the deal made 48% on his cash in a pretty short period of time.The key to this stuff is knowing in advance what you can do with the property.

A bank is going to look at it and think there is a high probability that you won't be able to refinance at the end of a 5 year fixed term period because you could be looking at refinancing an empty space, which isn't going to happen.

It's a small deal and worst case he makes about 5% on his money in no more than a 3 month period of time, best case he makes about 11% (which, again, is net after acquisition, cost to flip the property, real estate fees, etc.)And yes, I'm fairly new to this so I am open to any and all suggestions on how to structure this.Thanks!