I'm paying a massive commission so that you can interpret (and help me articulate) my needs and deliver a highly personalized set of potential properties with your thoughts on how each of them may or may not completely satisfy them.  

If you take the time to articulate to the seller that you intend to convert the POHs to TOHs and therefore all that income will be going away, the seller may see your point and accommodate you with a lower price. 

My guess on your folks long term success would simply be the magic formula of rising rents over time, reducing debt (and increasing equity) as your tenants pay down your mortgage, and in, many areas, handsome price appreciation....Over the long haul it has been an effective formula for many investors even if you can't articulate it (the home prices and rents have just gone plain gone up over 30 years...)Best of luck Philip....

Based on the structure articulated in the book, if I structured the deal to be a 24 to 36 month rent to own lease and incorporated the 3% increase in price each year, the property would be around $250k. 

I just wanted to clarify that.I prefer to hold off on further discussion regarding J's fraud allegation until he articulates his claim.Namely:Please clarify exactly when you suspect this fraud occurred?

The problem here is that I haven't heard you articulate a turnaround plan.

A better comparison would be between two general contractor's estimates, with a well articulated idea of what your finishes are (carpet vs. hardwood).Bottom line is there is a lot that goes into these estimates, and the more you get, the better you are.

HoustonThat quote helps me in articulating why I want to spend my life involved with REI and why I am on BP.

Appreciate the quasi articulate, semi sarcastic response though.

Until you properly articulate this, even with $1,000,000.00, you still be in the woods..