And the fact the new owner of the neighboring property also failed to do due diligence should not factor into your decision to keep, if still allowed by your state laws, what you presumably paid for. 

I did throw in some guesstimate numbers for presumed purchase costs, but would like to get into this property with as little out of pocket dollars as possible.Provided my assumptions are reasonable, I'd like to make an offer, and then confirm the deal by completing MH Park due diligence to verify the assumptions...but that's for another discussion thread!

But right on the side of every box of this flooring, it says to never install on a subfloor, which is what I presume you have.

If we presume an average NPL returns 20% you risked a bunch of capital to make 10%.  

Account ClosedYour DTI definitely factors into things, but presuming you have rental income from your houses, that gets to be applied as a credit to offset that debt.  

I presume I could still write in loan amounts while waiving loan and appraisal contingency.

A couple of questions:1 Presumably this should be paid for by the people who are getting the assignment fee?

Presumably, you'd need somewhere to live anyway, so it takes care of that while only sacrificing 25% of cash flow which is more than offset by not having to pay rent or another mortgage.Also, you can potentially get in with a much lower down payment, saving that capital for repairs or the next investment.

With two paid off rentals I presume you could double your teacher retirement.

I presume that Kathy and her team fully vette the turn-key operators they are working with to assure quality rehab standards, know the area at a neighborhood and street level and have screened the property manager fully.