It's a nice property, and I think with a modest rent increase will provide a good cash flow.Problem is that I just closed on a triplex last month and that exhausted most of my "investment" account, so I'm thinking of offering a Master Lease with a 2 year Option to purchase.Off the cuff, I'm thinking this:$110,000 sale price, $7,000.00 (enough to cover real estate commission) for the option fee to be applied toward down payment if/when I exercise the option.Payments of $500.00 per month to the owner, with $100.00 per month credited toward the down payment when the option is exercised.Projected cash flow would be about $550.00 per month after all expenses and reserves, so I'd recoup my $7k fairly quickly, and I'd like to be able to assign the option just in case I get into a bind down the road.Am I on the right track?

I work as a traveling occupational therapist, meaning I work off of 3+ month contracts at various physical rehab facilities, but do receive a W2 from one company.  

@Arif Sealey I've considered using virtual staging before as an option to at least get people in the door, but in general I think physical staging is money well spent to get the property sold faster.  

Most of us will send you samples if you request them, which I think is helpful so you can have a physical example to compare.Feel free to reach out if I can help!

Financing may be another post... to exhaust all bank loans ( I'm qualified with an LA lender), or start developing a relationship with a portfolio lender right away.

The trick with the 100 year floodplain is that it is typically based on physical surveys and computer modeling - a major flood can happen at anytime.

But for various reasons, it's not always easy for title companies to handle all the title work out of state with no physical bodies within PA.    2.

Unfortunately its not like you can go into the property and physically remove the buyer and go into the sellers bank to remove the cash owed to you.

I seem to always kick myself for not looking at something in the unit such as age of HVAC/water heater, exhaust fans in bathrooms, windows operating properly, foundation cracks around doors/windows, what rooms have carpet/hardwood, etc.

Even more importantly 2)when you go out of state as a newbie, to a market you are not as familiar with, have severely limited physical access to, have limited or no network, and no way of practically gaining hands on experience, then you give up nearly 100% control over your investment and lose your ability to assess and mitigate risk.