The first option is particularly attractive as the bridge loan provider does not need to worry about other liens on the property, and the borrower does not have to make any payments until the old house sells.

Also, though not common in Utah, if there is an HOA, you'll also need to check on rental restrictions with them.I purchased a single family home in Roy this past winter and it rented rather quickly at an attractive rate.

A lot of different items, or terms, impact the attractiveness of the offer such as closing date, earnest money, seller concessions, your reputation, and where your money is coming from.

It's an attractive thought, but i've been wondering if it makes sense to keep saving for another year or so and buy a more dense property, maybe a 5+ unit building.

The cash buyer who can close quick and get me money sounds pretty attractive this time of the year.

I would like to acquire value add units that once renovated would attract higher quality tenants and higher cash flow.A third and more long term goal would be to add small commercial properties to the portfolio.Many exciting times ahead and look forward to the new connections and relationships I make along the way.Thanks for reading,Ryan

6.How attractive the area really is for households profiles with annual incomes greater than $80K?

Really that is an okay down payment on a 2BR condo most decent areas near there, at best.In Lowell if you the idea is to get a place that is attractive to students you can get a little further with that kind of money.  

Also what is it about Elizabeth that attracts people to rent?

That's why the traditional way of wholesaling is much more attractive but state regulators across the board are cracking down on that(see Ohio for example).It's a catch 22.