numbers look great!!!
Today I got to speak to my good friend @Shawn Holsapple regarding an investment opportunity with great ROI numbers but VERY low income area. Home has been reviewed and literally needs little to no repairs.
The cap rate is 30%. I would like more feedback if you've had a similar situation arise then what would be your take on this situation. My original goal was to purchase the prop and lease option it to a tenant with the terms stating that the tenant is responsible for all repairs.