-The house Is in New York has- he has a fire extinguisher company and won't list it because he actually services many of the real estate companies and is afraid to favor one or the other and inturn lose a client- he has nine houses in Pennsylvania - original loan was 660k 760k if I remember correctly - has paid 250k- has all floors ( basement, 1st and 2nd) rented only top floor has a lease total rent colle is 5500- supposed market value is 1.1 million - he's willing to take 960k- might be open to terms since he's already renting.As long as he keeps the title-sounds like the house doesn't need many repairs but i have a friend that is a contractor and he can Help me assess any repairs Hes a savvy new yorker so  I rather give him options instead of just 1 cash offerCan anyone help me figure this out ?

Obviously, figures will differ by state.

My concern is covering the turnover time, and I am trying to figure out how I can get that covered in the new short-term lease extension. 

Mine is in the mid-600's and I'm self-employed, so I figured it's just easier to put her name on everything to get the lowest interest rate for the investment.Turns out I can't gift the funds to my wife for the Down Payment?

Well, I'm finally figuring out that being a nice guy is costing me several hundred dollars a month!

This way the inspector can test everything out properly .so youd have to have it under contract with a contingency figured in for home inspection to do this before youd actually own it .

Love that you have the "why" figured out going into real estate.

I am actually going to look at a deal today, and trying to figure out how best to run the numbers on it.

And a savvy agent is like a savvy accountant or lawyer will figure out how to use all tools and options available to get you great coverage at the best price if it is available.

I think the bigger the property the more professional you need to manage it, this could be challenging if you cant figure that out.