Although for me as a Past HML and current NMLS broker ( inactive currently) why you would want to jump into NPN instead of looking for performing especially starting out..

That looks like quite a task for a newbie to take on.

You'll slowly build passive income, equity, and most importantly, you'll learn how to be a landlord and perform simple repairs. 

When they indicated it was fixed during the due diligence of the property, did they provide proof (e.g. an outside vendor invoice and what was performed)?  

It may seem like a straightforward simple task to those of us who do it on a regular basis, but when someone is trying it for the first time they may not know that you have to look at which number pump you are at when you go inside to pay, or that the nozzle will clunk when the tank is full rather than just overflow.My question is: I am a licensed real estate agent.

A lot of things can look good on paper for you out of state Investors in Indianapolis, but I get calls and emails all the time from out of state investors wanting to off load their Indianapolis properties that aren't performing.  

The houses were their primary residence and they had to relocate which turned them into landlords because they did not want to list the property at the time, so they agreed to lease optioning the home with current tenant buyers that are not able to perform.

Those types of situations require MASSIVE time and effort to get performing again.I might buy a business myself later this year.

Basically, an assessment is nothing more than what a municipality decides a property is worth in order to tax it based upon that value.Additionally, although cities and towns are mandated to perform assessments regularly (in CT they're supposed to update assessments every 5 years), that assessment can still be quite old and outdated.

I use an equity raise because it allows me to focus on the project and those that invest profit more the better I perform.