The seller might also benefit from stretching out the capital gains taxes of this sort of arrangement. 

Finally, at least in PA, you have to be sponsored by a broker to get your license.

Ok, so as the day approaches where I take all my research and finally start making offers, I have been putting together my team for my BRRRR goals.

I spent 10 years pursuing a similar high cash flow strategy in Rochester NY - got up to 15 units - and in the final analysis I would have done infinitely better had I saved all of my ammo to buy a fixer out here in the Bay Area.  

I always like to show a pre-approval letter on the first page of the offer, noting a full price offer, then on one of the final disclosures, I propose the seller to provide 3% back towards closing.

Finally, you'll want to always consider how to protect your real estate assets.

The only option we've found is to:- Send to collections now for current outstanding balance - File for eviction if/when we can finally do that again - Send to Collections for final balance after eviction I don't foresee this doing much of anything in the short-term other than getting the inevitable collection process moving now.  

The woman that lives next door to my parents is finally thinking of selling her house.

You might want to try calling these local municipal offices beforehand And talk to a helpful civil servant by phone in advance to make the most of your visit and minimize the amount of time you spend in person during this pandemic bc govt offices are incredibly backed up and stretched super thin right now. 

I can't wrap my head around 2.89% rates ;-) When I started in real estate, "good" rates were 18% and finally dropped to 8% which we thought was great and the "bail you out of foreclosure rates" were 14%.