He called me and asked if I wanted the property? 

Purchase price: $300,000 Cash invested: $70,000 Sale price: $450,000 BRRR method using an STR property that has projections in the 75k gross rangeUPDATE -- did rent well.

In a market like Miami’s, you’ve got to make sure your property is the one that catches the eye.Miami Townhomes & Condos: A Market of Resilience and OpportunityWhen we look at townhomes and condos, the story is one of resilience and opportunity.

My friend Carrie, Victor, Daryl, my sister, ex-brother in law and my father in law have all lent us money to buy and rehab properties.

I'm finding when I look at a given property, I get inaccurate comps in two ways: 1st, a property will show up in the list as a comp to my subject property but have a REALLY low sale value; upon investigation I find that the property acutally hasn't sold in 10+ years but PropStream thought it was comp; 2nd, a property will show up as "Sold" in the MLS status, but all ownership and transaction history tab don't reflect the new data.

Since this is an owner occupied property, the ability to repay is not there and if the wife ever defaults in the future she can claim it was a fraudulent loan.2.

How popular are REO properties? 

property is currently in a reverse mortgage need $308k to satisfy. currently 3 units and wanting to remodel to create a 4th.Rural low economy market with high demand and very few rentals available in area.

@MARK S KING you will find nice numbers with any Class C properties

(This is an out of state property for us)Last year, we connected with a property manager through these forums at BP.