There are a few basic questions to consider when considering a potential deal: * What is your purpose ("why") for purchasing this?

Next, reach out to friends, family, etc.

I've done that, it's a lot of paperwork, because you have to hit milestones for each drawn and proof to the title company that the work has been done and the milestone reached.

Thanks for Reaching Out! 

Feel free to reach out if you have any questions or need any advice as you get started.

The upside:  There is a lot of money to be made, potentially, and every door you add to your portfolio builds your company's value bigger and bigger (vs. sales, where it's a transaction and then it's over).

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

I would highly consider selling the impulse truck purchase, with a monthly payment like that it has the potential to increase your DTI 15-20%, which provides more challenges around funding your investment properties. 

I would reach out to them and make the request to increase rent, they will approve or disapprove.

The house needs a roof and potentially a new septic system installed which they also considered.