im more looking to make sure my calculations are as close to spot on as possible for our local market.

Once the property closed, I did walkthrough with tenant move out and even volunteered to move a fridge out of there.

In Michigan you are able to put your commission towards your downpayment/closing costs. 

Hi all, first time posting here.I have been listening to the BiggerPocket podcast for a few months and would like to get my feet wet.There is an opportunity, close to where I live in Los Angeles, which asks for 2M.

From what I understand, all the permits are spoken for and the whole system is closed for 2023.

Account Closed I would suggest giving the rent by room a try after you’ve done some research.

First you must purchase at least as much as your net sale (the contract price minus closing costs). 

But, closed end structures have their benefits as well. 

If the property was vacant, you could possibly get a lease option to purchase locked in, get your permitting ready while 'renting' and then once close to ready, execute the option, but it sounds like that might not be feasible if the property has a tenant. 

My dorm happened to be an older building but, due to the close proximity to two colleges and a station I’m pretty sure it was successful .