I am in middle of a deep-dive process of this issue.

You've got a pretty good plan already!

Every deal needs a repeatable process for evaluating and exiting.What to lock in:Evaluation templates (for wholesale, flip, novation, etc.)Exit decision tree: what’s your plan A, B, and C?

While this price was higher than I had projected, I planned to conduct a thorough inspection.

Curious to know how you found the deal and what your process and or platforms were to keep you on track?

Where do you plan to advertise for tenants?

I have had some sporadic work in real estate in the past - I helped to flip two houses with my brother abut 20 years ago, I worked in an appraisal office for six months, and my father has been a broker for several years - but this time will be my first in charge.I am also in the process of getting my real estate license, and expect to finish my coursework and take the test sometime in September or October.

Just be honest, show you’ve thought through the details, and be upfront about risks and how you plan to handle them.

A “subject to “ transaction BYPASSES loan approval process and lender action.  

Keaton,I had a similar thought process a few years back when I first got into my finance career.