Originally posted by @Dennis M.

In small college town with high rental demandAsk price 745kGross rent: 9750/mth 177k/yr     (differed maint properties with potential 200/mth per unit increase once renovated) estimated reno (190k across portfolio)NOI: 91,475/yr   (12.6 CAP)    (includes tax, ins, listed maint for past yr)     After reno NOI 127,475/yr   (14.6 CAP) Deal info:    - Owner finance 745k 20yr at 6% 20k down minus deposits (~13k)Cashflow  = 2100mth     (self-managed) (self maint similar to the previous owner)By this alone, 2100 cash flow added per month, it will put me at my financial freedom number of monthly cashflow is equal or greater than my families spending amount.

My favorite book for a beginner is "Set For Life" by Scott Trench.

Moreover, is the 8 - 12% ROI calculation made by the developer.

Unless there are multiple leans against the property, multiple entity's attached to the title, or there needs to be a new title and survey ordered by the attorney's, 60 days is standard.

Ensure the property is tested and, if necessary, remediated by professionals.Permits and Code Compliance:Building Codes: Ensure that the restoration or rebuild complies with current building codes and regulations.

Also consider that a deal is NOT what is advertised its what YOU make of it by negotiating, rehabbing, managing, etc to maximize its potential.

But I don’t feel a need to disclose that upfront because I have a generous range, and can always be contacted to have it changed on a case by case basis.

The programs are created for investors who buy distressed homes, repairing them and then either selling them or holding them for rental income and flipping the hard money loan to a long term DSCR loan where the rents will underwrite the loan.Program availability vary by state.

You can do this by turning the shutoff valves off and watching to see if your water meter still runs.