Tenant history treats property like there own, consistent paying tenants.Purchase price $115kSeller will hold financing on 25% for down payment at 5% for 3 yrs interest only.Property will need about 10k in cosmetic work, seller willing to add in 10k cash back for repairs added to the seller financing agreement.Have a lender in place who can finance this deal at 75% with seller financing in second lien position.$3500 taxes$800 insuranceTenants pay all utilitiesWould be getting a commercial loan amortised over 20yr.Plan to use management team at 6%, that we are using on another property.What are your thoughts and perspectives on a deal like this?

It seems to be pretty consistent from company to company, some better some worse.

It is also a wonderful way to generate consistant cash flow.

FlippingProsLarger short term profit/ cashflowPotential for no money down deals (with private lending)If you have a bad deal, you can get out and move on.ConsYou are always dependent on your next deal (No consistent/ reliable stream of income)Much more difficult to find good dealsCertainly not "passive".

Once I was able to provide 2 years of tax returns, showing consistent income, I had no problems getting a conventional loan.  

I know those guys and they have a consistently grown their business; that doesn't happen by accident.  

Just make sure you are consistent with that policy for fair housing reasons.Best,Jenna

We evaluate our strategy on a consistent basis as well. 

Be patient and consistent.  

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.