We obtained the full financial package, and the seller's "Pro Forma" is built on a complete fantasy.The descriptive reason for the high cap rate is that the seller is using deceptive and impossible expense projections.To get their advertised 15.26% cap rate, they are projecting that as their Gross Rent increases by $75,900, their Total Operating Expenses will simultaneously decrease.Here's the breakdown of their math:Taxes: They assume $0.00 in property tax increases, which is impossible.

Personally, I think that house hacking is an excellent way to get started, especially for a young adult like yourself who probably doesn't yet have a family or kids.A house hack simultaneously accomplishes numerous goals, including: 1) it gets you started in REI, 2) it can simultaneously lower living expenses while creating cashflow and appreciation, and 3) (perhaps most importantly at your stage): it will teach you about REI through experience.If you can do just one househack, you will learn SO much about REI (and in many cases, you'll learn more about REI than you ever could from books/videos/a mentor, etc.)

It is not a subject too as I understand it I would like someone to walk me through selling, receiving the fee, even with an existing mortgage, not opposed to a simultaneous close as long as it can be explained to me to the point where I have no questions. 

You should simultaneously be searching on market properties since many BRRRR options appear on the MLS.

Do not record the actual option.To finalize the deal, as you describe, you would need a simultaneous closing with the seller giving title to you, and then you to the end buyer.But remember, Just because you have an option to purchase at a set price for a set term, does not make you the owner of the property.  

Ultimately, I was young, didn't have a good job, and when COVID hit, my tenants stopped paying simultaneously and I ran out of money.

A few steps that have worked for me:Schedule simultaneous treatments in all units and common areas to break the life cycle.Have the pest control company do follow-up visits every 2–3 weeks until activity is fully gone.Send clear written communication to all tenants with prep instructions (clearing counters, sealing food, reducing clutter).Add regular preventive service to your operating budget; quarterly or bi-monthly visits can save a lot of stress.If you consistently see cooperation issues, you can document them and handle them as a lease compliance matter at renewal.

I use 1 bank that has a great App which allows me to view all my accounts and mortgages simultaneously on the platform.

I've significantly scaled back how many texts I'm sending per day as a result, and it's reducing my cost per deal while simultaneously increasing employee satisfaction because they're having an abundance of positive conversations.

Or, do them simultaneously.