Thank you John,   I was wisely steered to some very similar information by a mentor.The average comps that I see are at 530k, making the numbers even worse.I'm either just going to tell this client that the numbers just are not there for investors, but perhaps if he can find a cash buyer simply looking for a live-in home he may get lucky.

Am I being steered?

``````````````````````````````````````````````````````````````````````````````````````Resouceshttp://files.consumerfinance.gov/f/201401_cfpb_mor...http://www.consumerfinance.gov/regulations/ability...An idea is you use a RMLO (Reg Mortg Loan Originator)The RMLO will steer you down the right path.See http://www.reiexpo.com/2012-classes/how-to-offer-s... 

@Gregory HodgesI really think it depends however I agree with everyone that is steering you away from performing any work on the property until you take title.I've heard of a lot of people having success with this model however it really depends on what you do and what is wrong with the property.

I can deal with most maintenance items, but settling foundations is one I try and steer clear of.

This can help you find a contractor that at least has ongoing successful projects and clients and will certainly give you a much better chance of a successful project.If you need some contacts associated with third party plan review, let me know and I can steer you in the right direction.

They will suck energy from anyone who is unprepared to tackle a professional flake.My job, for starters, is to recognize those people and steer clear of them if at all possible.

Got a good recommendation for an attorney that the title company says really knows what he's doing and steers clients in the right direction.

The agent I've been working with who grew up in Redford has been very helpful in steering us away from the bad areas and helping us focus on anything west of Beech and south of 7 mile.

A buyer's agent will try to steer buyers to property like yours, even if doesn't meet their requirements, in hopes that the wow factor of the rehab will win them over.