We had landlords lining up to participate in the program as they knew it was easily guaranteed, long-term and consistent rental payments.

Also, Long Island has a lot of single family homes - and when you eventually sell to trade up to another property, you might sell it more easily.

If you have enough cash to pickup a $225k 3/2 OP house with 20% down, and its relatively updated, you can rent for $1800 easily to cash flow $700/month. 

15k would easily cover a 3-3.5% down payment plus some closing costs.

So if I can get below that it’s a win in my book. 

Before that, he needed to talk to his accountant but the accountant was busy because of the extended tax season.Basically, I want to make an offer that is a win-win.

Base hits win games.

Create a win-win for that person for their time too! 

 $185.  2005 is a pretty new house but the hvac, appliances and even the plumbing fixtures with hard water can easily be at the end of their lifespan. 

In that case, if they win the lawsuit, they have claims against his ownership in any LLC you have, whether you have 1 LLC or 100 of them.I was aware of the progress of the lawsuit as my employees were called down to give depositions about their former owner, who was sued for gross negligence.