My wife and I were absolutely determined to buy an owner-occupied 2-4 multifamily so we can save money and work towards financial freedom.

The appraisal came in at $330,000 - I was astonished.I rebutted the appraisal with solid comps supporting $372,000 and saved the deal by getting the appraisal increased by $15,000 to $345,000.BTW - if you want to absolutely demolish your own reputation, then tell our military veterans that they can not use VA financing to buy your property.  

And this is absolutely what I'll do if I end up in competition, but I sort of feel that even at $149,500 that's not a bad deal so would they really go a lot lower?

We are on a Christmas tree farm, so that's nice, but we're in a location that is literally not on the way to anywhere (since the Gulf of Mexico is about 50 miles to our south and I-10 is about 25 miles north) and has absolutely NO tourist draw (just a rural area that's coastal plain with a lot of oil fields and cattle).  

Absolute worst case scenario for the investor is that if the Short Term Model does not provide the returns desired and they want out, we can just sell the containers ( or the investor can be bought out) at no loss of investment. 

ANd that was my absolute first post on BP. and ohhh no..

I am a single member LLC so while I did do an operating agreement with another site (there was a trial period so I completed the form and then cancelled my membership, but may return in the future)...just for formality sake...I didn't feel it was absolutely necessary.

Example 2: If you purchased a home with $80k of cash, put $5k into the home, and the home was worth $100k. 75% would be $75k and your purchase price is $80k...so the lower amount is $75k.When buying a home with cash you can absolutely get cash back right away but you will be limited to the lower of those two amounts.3.

I don't want to put ourselves in a position where we could have managed our financial situation better from the start that would allow us to do what we want to do...I absolutely understand what you are saying.

@Cesar Tamayo absolutely, looking forward to seeing you there.Thanks for the welcome everyone.