In this part of the cycle we stay away from chasing IRR.

this is a nearly full gut, floors stay, everything else goes. moving walls, new mechanicals, etc. also I guess I know now to draw up rehab plans before engaging contractors.

Short of trying to get a stay, what would some of you do if you were us?

It's super convenient and it makes sense to stay here for the next 4 years. 

Anything else I should be aware of if I go down this route?

@Alejandra RocaHey, kinda late to the thread on here.. but wondering if you used portfolio loans to start or stayed with conventional?

I didn't even know how much to wholesale the property for or what would be a good deal. 10k wholesale fee would be good enough for me.He has a low mortgage on the property and no property management that I'm aware of.

if the answer is “yes” what resources are available to an individual to make sure I stay compliant.I know the big one is being 62... does this apply if the lender is a private party and not an institution.Thanks for the help!

Anybody know of any good websites to get the local and national happenings on the RE market to stay informed (other than the MLS)?

@Sean Dean few options do the current tenants want to stay?