Seems like a no-brainer deal. Am I missing anything?

[Zach Ziskin]

I've come across a deal from a wholesaler whose list I'm on. It's a property that is for sale at $75k, with both a tenant and property manager already in place. Tenant pays utilities. The property is rented for $975/mo., and the tenant has prepaid the lease. I ran the comps, and FMV right off the bat is a little over $100k.

It easily passes the 50% rule, it has built-in equity, and I assume I would receive the remainder of the lease payments that were pre-paid in the deal as of closing. It sounds like a no-brainer deal, which is kind of why I'm hesitant about it. 

Obviously I haven't done a walk through or inspection of the property yet, but is there anything else I'm missing that could be a red flag to look for before I pull the trigger?

[David Zheng]

I would just say get that walk-through as soon as possible. Title Company should make sure there are not liens or anything so get on this quick!