Am still scared to death that they will trash the place on their way out, but relatively certain they have not done so yet since they think they could still be there for another week or so.

We are way late to the game for the 2017 request here but if he ever runs again we own a rental that is ideal for the Ironman competition 1/4 mile from the Olympic oval in Lake Placid. 3 bed/2 bath.

4 bed 2.5 bath, 2330 sqft.

They would have their money dying a slow death in a CD making 2% at their bank while the bank loans out their money and makes 4 or 5 times that.

.-2 bed/2bath nicer house in a rough part of town.

The 2 bed unit rents from 720-850 and the 1 bed unit ranges from 640-775.

And this using a 203K FHA loan in the brutal market of Boston, on the east side of the Port Norfolk bay area.Facts & Numbers:2 beds & 2 baths on each of the 3 unitsPurchased for $655K @ 5% down-payment and a generous dose of 203K closing feesTaken a 30K cushion for the 203K streamlined rehabLocked in 4.25% @ 30 year interest rateAppraised at 750KThe numbers are certainly not the exquisite definition of what a ground-breaking deal stands for, but they certainly fare decently well in this seller's market where cash investors rule, the inventory is constantly challenged and most properties are getting sold for over asking price, taking advantage of the current interest rates, the Everett Casino construction, and a few other speculative but pragmatic plays.Just like most everyone else that was not raised or surrounded by real estate professionals from a young age, this deal was pretty much riddled with small mistakes here and there, from neglecting the fire department smoke and carbon detector regulations, being over-optimistic on the underwriting guidelines, underestimating the cost opportunity due to all sorts of processing delays, and you name it.Currently free from tenants, the expectation is to add value by rehabilitating the under-developed basement, adding 2nd and 3rd floor balcony decks, and a variety of practical and aesthetic fixes.

He is not actively selling any of his deals but he told me if I was interested to let him know and he would be willing to sell for a fair price.The property I am interested in is an old funeral home that was converted to a 7 unit investment property (4 small businesses & 3 one bed room apartments). 

I actually laid in bed last night wondering how I could get rid of all my SFR at one time and 1031 into something triple net like a 7-11 or something along that line.

PUT THE BOILER TO BED.