Does it make sense for a good deal to be on market 142 days?

[Mike K.]

Hello everyone,

Let me start out by saying I have been stalking BP for a while, but am new member of the community. I plan on doing an introduction shortly, however I have a question that is bothering me. I am still in college, so obviously I have no experience, but that doesn't stop me from looking for deals/practice evaluating. Anyways I came across a property today that seems like it would be at the very least a decent deal. Its a short sale 80k, needs approx. 10k worth of work and would rent around 1200 based on comps. From the surface it seems it would CF around 600 a month lets even say 500 to be conservative. Sorry for the long post. Anyways my question in general or off this example would it make sense for a property to be listed on a commercial home listing website for half a year when it appears to be a pretty good deal? Or is there usually something underlying wrong with the house at that point that makes the deal bad? I just don't want to waste time contacting brokers to always find out there is something wrong. Once again sorry for the long post. Anyone brave enough to read all this and respond would be greatly appreciated. Obviously have a lot to learn, and already have due to BP.