You need the ability to free up any property with a pro-rated reduction.

(1) extensive knowledge of the local real estate market and extensive knowledge of the property type your looking for (2) the ability to negotiate in the face of what might be complicating situations (bankruptcy, probate, foreclosure, etc.) and the longevity to have been through a thousand deals to find this one in a thousand opportunity.If we are talking about finding a property that has 30-50% profit potential once something else occurs (repositioning, rehab, new highway, etc.) than the scenario is much more frequent.

Commercial lenders often look at management experience as well as the ability for a property to create cash flow.

Seems like kind of a big deal.I research so many properties, I don't know how I will have the ability to read hundreds of pages of court docs on every case before buying.

What makes this deal a very good deal is your ability to obtain a 4.625 interest rate.

It may assignable under state law, if not prohibited by the contract, but that clause is irrelevant to the ability to assign.

And Joe, our psychic abilities about the power weren't working that day, so we actually called the utility company ;) And yes, our lawyer backed us up all the way through obtaining a judgment.

I'm extremely limited in my ability with definitions and what constitutes a legal document and all of that, nor do I want to wade too deeply into it.

@Kyle StinesYou are not crazy for taking advantage of the ability to buy 2-3 rentals.

Not everyone has the time or ability to get out and do the rehabs, etc., for those that do, get to know that niche.