A local lender may have a better understanding of the market conditions, zoning laws, etc. in your area, which can be a positive advantage.

In your assessment, is the carpet in good condition? 

They want you to bring an offer based on its existing condition.  

Markets differ, and experienced investors often adjust the percentage based on local conditions and their exit strategy.

The appraiser looks at the sale price of comparable properties, the size of the property, and other factors that may affect its value.Home inspection: A home inspection is a comprehensive evaluation of the property’s condition.

Tell her to be out by the end of October and you'll waive the remaining lease, as long as the unit is the same condition as when they moved in.

Here are several key strategies to help close deals, regardless of market conditions:1.

Thanks Sue the problem is not the property it is in very good condition and a descent neighborhood.  

You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.

Any list you can pull for a few bucks has already been hammered by hordes of investors before you.Not saying this way can't work, but I recommend a different path...I prefer to focus on sellers who have a reason to sell but who require some effort and skill to identify.My favorites are #TiredLandlords, namely owners who have filed an eviction lawsuit against their non-paying tenants.Many of these folks are through being in the rental business and are open to hearing about a way out.Even better, #TiredLandlords are ideal candidates for seller financing, since they don't need the sale proceeds to buy another house, PLUS they are already conditioned to receiving monthly payments over a period of time.