Private deal.Obviously this is all preliminary as I have to look over all the actual numbers so we shall see.Sounds like a turnkey. 

A preliminary document with no contract.  

If these guys are not all criminally charged I would be shocked

Adding to the shock was that he was using the shower and the projectile striking him wasn't the shower head, but the faucet to the tub"As the pictures will show, the faucet was not secured to the shower wall - which there was no way for us to know until the incident occurred - and the pipe connecting to it has a lot of dirt and build up. 

Doing some preliminary scoping online for example...the following is straight off the MLS…2010 Todd St Greensboro NC3 beds / 1 bath asking price 65,000Taxes 785Seems like it could bring in 700 / monthThose familiar with this market...is this a horrible area, do homes rent out easily, is this somewhat typical? 

If you get a ballpark number today, but don't have plans for a few months, you could easily get some sticker shock when you actually bid out your project.On the unit mix, what's the max density allowed on the site?

I'm in shock.  

Here are some preliminary numbers I ran: 260K FHA no repairs and current rents on left, 300K 203K, reno and higher rents on right: % Down Payment 5.00% 5.00% Down Payment $13,000 $15,000 Remainder of closing costs $3,000.00 $3,000.00 Total Due at Signing $16,000 $18,000            Mortgage Rate 4.60% 4.60% Length of Mortgage in years 30 30 Monthly Mortgage payment $1,266.00 $1,461.00 Taxes $386.00 $445.00 Sewer and Water $50.00 $50.00 Trash $50.00 $50.00 Heat/Utilities $ - $ - PMI $ 180.00 $ 208.00 Cap Ex and Ops $200.00 $200.00 Insurance $65.00 $75.00 Mgmt Fee $165.00 $165.00 Vacancy $132.00 $132.00 Total Expenses $2,494.00 $2,786.00     Unit 1 $500.00 $700.00 Unit 2 $900.00 $1,100.00     Total Revenue $1,400.00 $1,800.00     Cashflow/month ($1,094.00) ($986.00) Cashflow/year ($13,128.00) ($11,832.00) Cash on Cash Return -8.42% -6.57% I have not talked with the seller in detail yet, as I want to see if this is worth a deeper dive first. 

I have seen cryers stall.. ie they get a phone call and stall and then 5 minutes later someone comes in and qualifies funds for that sale and then they start.but I have in all my days never seen what you described.. but you know IL  pretty funky with the rules there It does not shock me.. anecdotally  I can recall on a many occasion were my competition was 2 minutes late and the sale was all done and they could not bid because I won the bid and it was over ..

Account Closedhttp://www.greatlasvegashomes.com/blog/greater-las...Fresh preliminary numbers for Oct'17, I say prelim since they are not from source GLVAR.