I lived in Berkshire county for 2 yrs quite some time agoDidn't appear to be great flipping area but good buy and hold areamaybe things have changed and GE  or other companies have brought jobs there best of fortune  to you . 

It protects them and allows you to keep your holding costs down a little.I've never done it, but I've arranged financing for it a couple times and had the deal fall through (knock on wood).Beset of luck!

Wholesalers, Flippers, Buy & Hold investors, and anyone in between is welcome to answer. 

But I went ahead because my goal was buy and hold with 100/unit/mo longterm and it seems to do that assuming I can manage the transition from current rent to target rent.  

I'm not looking for a buy and hold property at this time so I'll do more research into the tenants once I get that info from the prospective seller so I can get it the lender if the deal looks like it may work out.Thank you!

There is NEVER a good price when overpaying, that is just praying for appreciation that you can hold before you're insolvent.If CF is king, then happily snatch up the B/C props in Buffalo, Cleveland, and Indy.

By the time you factor in longer Dom, higher holding cost, and lower sales price you will end up losing more money.  

It occurred to me today though that we very much use the accounting method for this and take the book value of each of our real estate holdings rather than the current market value.

Who holds the note now?

They must be holding title in a trust or LLC