Most builders have their pet agent who is constantly sourcing and here is how it goes.the agent will find the dirt charge NO fee to the seller thereby getting seller top dollar compared to some wholesaler low balling them.. and then the agent gets the list back on a brand new home.. 

Plus, of course, you would have incurred some holding costs and other fees in the process. 

Those taxes .. that pm fee .. yikes

I don't want the HOA fees and hassles.  

Zestimate is $315K.Cash flow won't be great for me since I will be taking an expensive loan at 7%.Expenses would be: mortgage+taxes+home insurance= $1300Management fee of $100 will be waived for the first year.There are renters in the place with a contract till June 2019 and they pay $1635.What I'm considering is that:Get the place, have little to no cash flow and when the renters contract ends in June 2019 have them out and renovate the place and:1. rent it out for more or2. if the market is higher/ home value is higher after renovation, sell for a profit.What do you think?

I second cozy.coI’ve been using it these last few tenant cycles and it’s a great tool in many ways.1- if the tenant won’t pony up the $40 fee or take the time to do it, it’s a great indicator for me to who I’m dealing with2- I don’t have to take applications and money and I don’t feel bad for taking an app fee and not giving it to those applicants. 3- no need to collect ssn and to destroy4- Tenants can’t leave anything blank as they can with a paper app5- feels more formal and professional 6- generally the type of potential tenant I like to deal with that can use tech to communicate, which gives me a glimpse to how they’ll handle future complaints and requests. 

The last piece I don't hear much about but came to realize is in the last R, you have to schedule/plan for a second down payment and processing fees into the new mortgage for the refinance?

Let her know that due to this unfortunate situation that if she moves out by July 31 and leaves the apartment in good condition, you will let her out of the lease without any lease breaking fees or court record.Then find a new tenant ASAP and replace her.

Not sure your situation, but the VA funding fee is a large expense unless you are waived due to disability rating.  

The $7K Closing costs/ Fee for the Refinance is also high.