She was telling me that her ex husband that recently passed left her an apartment with lower rent and utilities included.

Opendoor is at the forefront of utilizing AI in purchasing and selling real estate. 

Get everything in writing -- what happens if one of you wants out, what the contribution split is, how utilities and common areas are managed.

“All In for 75 Percent ARV” Isn’t EnoughEven if you hit the famous BRRRR formula (All-In = 75 percent ARV), you’re not getting all your cash back.Here’s why:Closing costs on the purchaseClosing costs on the refiPoints and lender feesInterest during rehabCarrying utilities, taxes, insuranceRehab draws and inspection feesTime delays that push interest higherThese aren’t optional.

These are smaller homes with open floor plans, all spaces maximally utilized, no basements, and limited space to store extra things.

I'm sure there are other things different companies will have in place that could change your experience interacting with the PMC depending upon how they set it up, and that could effect who you decide to work with. 

It may not matter in a hot market, but in a softer one, it often becomes leverage for the next buyer, and it’s something you’ll likely need to disclose.For underwriting, I usually base value on the assessor's living area and treat any questionable space as bonus utility.

I’m talking about things like:•site conditions and drainage•access, utilities, and neighborhood context •deferred maintenance that may not appear in photos•unique quirks that can affect rehab risk or resaleThe local market here has a lot of homes in the low‑to‑mid $200k range, and properties move at a pretty steady pace, so early insight can make a real difference in decisions.My goal isn’t to replace inspections or pretend I’m an expert in every discipline.

First month’s rent and security deposit are only payable by money order/cashier’s check and utilities go in their name before you hand over keys.

I lucked out big time and only paying $720/month all utilities in a decent area.