There was water damage and the carpet was removed and mildew on the walls so the bottom portion of two walls was also removed.Since there is no closet and window it can only be utilized as storage.

It has a renter in it paying $400 a month who is a college student.

For example, previous job stability certainly is an indicator of future job stability.

Nor have I inspected the property.Its in a college town & will rent for ~ 1100 with full occupancy.ARV shows at around 150000kWhat I would like to do is Remodel the first, get it rented out, then build two 3/2-3/2 duplexes on the other two lots using construction loans.

However, at the closing, the previous owner said that there is one tenant that only paid half the rent for January and has not paid the February rent.

I know this topic has been discussed previously but wanted to get a fresh prospective.

I had this situation once, with a buyer who had seen a property previously with a different agent.

My 2 tenants have credit scores above 700 and earn a respectable income over $60k each.From what I gather the previous owner got in over his head.

Before you fire the agent (which you should), I would ask him/her to provide you the sale data on the properties you previously wanted to make offers on.

A buyer can not buy a house and pay more than 20% more than the previous sale price if the previous sale has occurred within 90 days.