Unfortunately, he is dealing with medical problems, so he is selling his investments.

Call Title company for their specific procedures.

I do not have this money available because i had to recently pay medical bills for family abroad and other things.

Purchase price: $130,000 Cash invested: $70,000 Medical Mile BRRRR.

Purchase price: $130,000 Cash invested: $70,000 Medical Mile BRRRR.

Purchase price: $98,000 Cash invested: $36,000 Short term rental in northeast OKC near OU Medical Center What made you interested in investing in this type of deal?

When you have two partners, it takes hiring two professionals:1. an attorney to draw an operating agreement carefully detailing all possible what-if scenarios2. an accountant to establish proper operating and recordkeeping procedures and prepare the partnership tax returnYes, both will cost you money.

This increased the gross rent to $2,200 per month, with a monthly net profit of $1,200.As part of our routine procedures in such deals, we paid to have a re-appraisal completed by our bank to ensure they had a clear understanding of the equity we had in this property.

When we discussed with her the number of cars parked on the cul-de-sac, she says it is the medical people that come and assist her throughout the day. 

Lesson learned - this was our first rental and we got burned by our first tenant (signed a lease and then never showed up so we had to go back through the leasing), the takeaway was to ALWAYS follow the procedure and never make decisions based upon a personal emotion.