Having a concentration of units in one complex that I don't have total control of just doesn't make a sound business plan IMO.

It would be my guess that on average most people dealing in RE, I know it is for sure with agents, do very poorly.The answer is something you will have to learn on your own and it will depend entirely on your effectiveness, which is a result of your efforts, time spent, and abilities, combined with your resources.This is area specific so your best bet would be to find people in your area and figure out what is going on with them.

I just feel like something must be wrong for it to be such a great deal.10 unit ranch style apartment building (6) units 1bd/1ba (4)units 2bd/1baAsking price $155,0001bd rents for $300 2bd for $400 - Total $3400/mo$155,000 X 2% = $3,100$3,400/2 = $1,700$155,000 at 5% over 30yrs = $832/mo paymentprofit = $868/mo Owner will finance.

However I heard FHA loans can be nice because of the low down payment.How should you negotiate closing cost to minimize that total closing costs?

I'll bet that under the circumstances they will continue the assistance on a probationary basis and if the kid is found guilty, they can revisit the situation.

We just put the total amount on our OTP, and don't refer to a rent credit.

NNN and also self storage have much higher barriers to entry than SFR properties.You need to decide if you are open to pooling money with other investors who want to be in that asset class but do not have the total funds to go it alone or do you want to save up more money to buy yourself.You really need about 200k liquid or so to get started with quality NNN.

You bet Charles!

Your best bet is to wait for it to come onto the market with a real estate listing agent, wait until the owner occupant period is up and then make an offer.2.

Do your include youre assignment fee in the contract or do u list a total purchase price ?