Do not hand over the keys until you get this nailed down.

Get on the phone and call up some local agents or appraisers or have some reports (CMA, BPO or Appraisals) done to get you value nailed down.

If you think they're on the way out, I guess a call couldn't hurt but there is always the chance you could put the final nail in your own coffin.

But your right, maybe their rules have changed.Don, I think you hit the nail on the head.

I'd be looking for a 10+ cap on the first deal, might be tough to find but they are out there.

I troll around here as time permits and have recently been seeking information pertaining to a specific question (or series of them) without really nailing down an answer with the kind of experiential wisdom that I have come to expect and appreciate from the BP knowledge bank.

I'm not sure where a Bill got his 8.6 cap on provided numbers, that was incorrect.

I also think @Shayne Brescia nailed it on the head about the delayed release of these foreclosure properties

You nailed it, I am looking for reassurance on not selling the home but really more specific advice on how to let the tenant down easy.

If you are looking at a property and not certain of what to look for and if you have a cap on rahab.