That’s the beauty of the BRRRR method – you’re building equity and generating cash flow at the same time.So, in a nutshell:Equity: The $50k equity left in the property.Cash Flow: The ongoing rental income after expenses.Keep leveraging these strategies, and you’ll see your portfolio grow steadily.

For the house to be vacant for almost a year, I think she must not be well or be under some kind of stress, so I feel like by coming in and offering the right kind of deal, I would be benefitting her and myself at the same time.How would you guys approach this situation?

Timing Your Sales - From a technical / IRS standpoint, it's easiest (and cheapest) to have all three of your sales close before your purchase, and to have all four of those transactions occur within the same 180-day calendar block.

This setup will allow them to determine their own usage, and we will pay the difference either monthly or annually.We use the warehouse only a few days a month, so our power consumption will be very minimal.If this makes sense, or if there could be any legal issues, please let me know.Thank you. 

@Jim Doyle- thanks   1) consider increasing the purchase price by the amount of the elec and roof  work that needs to be done  and then assist  seller with  getting the work  scheduled and completed  ( as this will be required to be donw before closing ) ..this way the  seller  is technically  paying for the  repairs  and they wont lose  any  proceeds ....they will pay a little  extra  wa state sale excise tax  but  that  wont amount to too much  2)  consider  putting less down  and using some of your funds to pay for  the repairs  ( or part of the repairs )   3)  consider using a rehab loan  4)  consider  keeping the price  where it is and asking for the sellers to complete  repairs  (  this likely wont happen)  5)  get roofer and contractor  estimates and get them  lined up to do the work asap  as it might takes  weeks to get this scheduled / done  6)  ask seller for  extension on closing date if the  work  will take  longer than 10 days ,,,Good luck

.- Tenants were given 30 day notice on May 20th.- Tenants want to stay till the 30th, landlord/seller trying to convince them to move out the 20th.

@Anthony Blanco I am in the same boat as you.

Can only find 10 year old posts on this- where can I purchase legit leads on mortgages that are 90 days past due?

He's in the same boat and make the same moves.

Same exact thing happened here in my old house in Texas.