We could have gone with a 203k instead of your client’s offer, but chose the cash for obvious reasons as timing is critical to my clients and they are counting on the closing this Thursday, June 18th.It’s a shame your folks do not have a contractor relationship who understands how to create a quality product, while ensuring an investor gains a healthy return on their investment.

I'd suggest building a strong relationship with an agent who can give you proper after repair values as well as understanding if homes are moving in the market.

My wife and I have our LLC set up, but want to make sure all of our ducks are in a row and we are protected properly.

Where can I get the proper agreement/assignment/purchase and sales/rental agreements?

I may use a property management company", maybe it should be more like "I will market my properties through local realtors, Craigslist, Zillow, Realtor.com, and other platforms to ensure a rapid turnaround.

Back to the original BPost: I would imagine that there is some responsibility on the landlord to ensure tenants aren't doing anything illegal - but at the same time, you can't become a vigilante and start policing as well.

The option was not drafted properly and was determined to be a sale contract.

Analyzed properly, rental income would cover expenses and produce cash flow.I am tired of NY anyway.  

The rehab cost could be 5k or 100k, you don't know without a proper inspection and plan.

Said another way; Because most successful realtors are also property investors, what's to stop realtors using "buyers" to find deals for themselves.I suppose that the answer is obvious: don't use a realtor for buying, but it's my first property, I I want to ensure that I don't miss a legal step that ends up costing me huge money - and I'm not so good at negotiating - and Realtors are necessary to determine fair market value.This situation seems to have happened to me, whereby I found a good deal, then asked my Realtor to show it to me.