1) All of the spaces are the same and the one unit is higher in rent because it was a month to month and the owner raised the price because it was a travel nurse and was on a month to month lease. 2) The owner is saying I could easily bring the prices up to 2150-2250 per unit and keep it at long term leases to make it easier to manage. 

In my first contact with him (via email most likely) should I bring up wanting to purchase his home ?

Think the 20 gallon WH would keep up with 1-2 ppl living there? 

I currently have a handful of single family Section 8 rental properties.Ultimately I'm looking to understand the best way or multiple ways of coming up with the down payment for something that’s priced in the 2M-3M range.

Feel free to:- Vote up to help others find this post.- Tag a friend who would/could benefit from this discussion.

The median sales price fell 1.0% month-over-month to $423K, but was still up 4.2% year-over-year.

Most first-time investors shop blindly and end up learning the hard way..Also make sure to present the deal clearly to the lender.

Trying to get an idea of how much cash we need to bring to the table and any curve balls that could come up.  

A fix and flip loan will generally lend up to 70% of the after repair value.

Additionally you are released from any restrictions for occupancy after one year.So example I buy a property near the smokey in tennesses right I go up in that area every year for one week I would still have the keep the property still vacant for six months or can I have it up on the OTAS till the week I go ?