That means no lender docs and and an instant return of the seller escrow package combined with the signed and notarized deeds.

This amount is the amount we will be using as a combined down payment and rehab cost for the 1st property we are buying.

I think we are going to combine both stances and also info that you guys have given us so that we are not jeopardizing our company and making ourselves prey to sue happy renters, but so that we are still being honest to renters that blatanatly the question. 

I truly believe that if you combine BP with a local meetup group you'll be just fine.  

Combine that with a lack of cash flow and this is a losing proposition.The price-to-income ratio is already in excess of 13 so you have to ask yourself how are prices going to triple or quadruple in 20 years?  

Current Asking Price $213,500  4 unit apartment building in nice area built in 1956 (no washer and dryer in each unit), 868 SF per unit,  Each 2 bed 1 bath (Similar market rents $650-$1100 depending on quality)My Estimates      Current Rent  $615/ unit  -  $29520/yearVacancy   @5% $1476/yearRepairs & Maintenance   $4800/yearUtilities  $3600/yearTaxes   $4032/yearInsurance  $1440/yearReplacement Reserve  $1920/yearNOI = $18408@ cap rate of 8% property value is $153,150but if i get the rents to $750 a unit that brings property value to $230,000 and cash flowing $4900 per yearShould I buy for $213,500...Asking Price was $250,000 and they won't come down another pennyappreciate the advice

Combining meetings with BP has provided me with lots of info nuggets!  

(The stackable washer & dryer are now installed & recessed completely behind the wall).DreamLine Infinity-Z 56- to 60-inch Frameless Glass Sliding Shower Door $447.30

Just received a call yesterday that the washer is now broken ( I'm thinking that with an extra 3-4 people using it, of course it would break faster.)I called to get an exterminator out there at a cost of $900.

I've heard good things about David Dryer (attorney).