It’s important to always take a tape measure when inspecting buildings and get the height measurement for yourself.

I would appreciate any pointers on how to handle it (safety measures) that need to be implemented on the property based on your experiences.

One trick I like to use is asking the listing agent to be my agent as well, this way they can earn both sides of the commission and are incentivized to work with me.As a part of this process, I also aimed to develop a personal relationship with the owner by reaching out directly, complimenting how well they took care of the place and reiterating that I would be living there myself and looked forward to further investing in the property.After going back and forth, we landed on $1.1M + ~$15,000 in closing concessions.#4 - Financing the dealNow to be clear, I was not prepared to take down a $1M deal.

It sounds like an open invitation for us to buy a few adjacent properties near these decision makers and open halfway houses for sex offenders, violent criminals, and maybe throw in a few crack heads for good measure. 

Goals are specific, and along the way to achieving them, you can measure your success.

Buy with a conventional loan:a) Buy a $50k house with $10k down and spend $20k for rehab to aim for $100k ARVb) Buy a $75k house with $15k down and spend $15k for rehab to aim for $129k ARVc) Buy a $100k house with $20k down and spend $10k for rehab to aim for $157k ARV2.

My situationI own a home (homesteaded in FL) and have 2 roommates which help pay the bills.numbers - mortgage left 155k, home value 330k, current interest rate 4.125% on conventional with 24 yrs left on a 30 yrmonthly payment with HOA $1600 pcmI am wanting to either1) turn this primary residence into an LLC and purchase another property to move into and start the process again with the aim being to rent my current house out on an annual 12 month lease for at least 2 - 3 years as I was told that as long as I lived in it 2 out of 5 years I can then sell without paying capital gains (though this confused me and anyone wanting to teach this to me like im 5 years old would be greatly appreciated).

+ reading it again... both option anyway will bring 'quite backyard' that I aim for... so that's not a pro for only option 1.

I have partnered with an experienced investor who said his measure of a good property is a 5 year return.

If they’re smart, they’ll work on enforcement and give it time to take effect before taking more drastic measures.