Just would like to know in your experiences if this is standard with condos as it would impact my analysis?

The home is for sale in "as in" and "cash sale" with "ZERO earnest money deposit" under a standard "Louisiana Purchase and Sales Agreement".  

Whatever number he says, follow up with Is that the internal rate of return  you are looking for over how long?

Also try Facebook MarketplaceHave a standard email written and ready to copy/paste.Know your financial requirements for tenants.  3:1 rent-to-income. 

Standardize on a paint color and get good and fast at repainting. 3.

Hi @Dana Kimberly,The max lease terms were already mentioned, so I won't reiterate that, but 2.5% increase in rent is fairly standard as this number reflects the average national inflation rate.

As an investor three of the big metrics to look at are cap rate (on the purchase and exit), cash on cash, and internal rate of return.

The restaurant has a BBQ and a ventilation system above it - this requires semi-yearly inspection to meet restaurant inspection standards. 

I've always worked in the opposite end of the market as the the properties are always new builds in prime location and highest standard of materials. 

What kind of partnership is standard when taking outside investors money for BRRRR?