Michael Conway I represent several large hedge funds and many private investors that spend under 50,000 in Memphis and we have ROI's in the mid-teens every year and I can show you actual results.I'm a fan of that exact price range for several reasons!

How do I talk to a seller if he is represented by a broker and the latter dismisses my low ball offer regardless of how I arrived to it?

All of that being said, I would make sure that you have a aggressive and knowledgable agent that can represent you very well.  

The attorney's name is near the top and the representative's name and address is listed at the bottom of the General Information page.

Maybe find some pics that represent what you are planning on building and see if you get a response.

Please keep in mind that this is an abbreviated story and in no way could ever represent the amount of adversity that I experienced through this process or the effort that was required.Looking back, I am amazed with power of real estate and have found a true passion, like nothing I ever experienced in my job and I wish anyone on a similar trajectory to push as hard as you can.

Only the broker representing could tell you.

After my first baby girl was born I needed a more flexible schedule to tend to my kid so I quit my wonderful pharm tech job and become an insurance/financial representative with COUNTY Financial.

And the appraiser even commented "Bank owned and auction sales don't represent current trends.  

Hi @Bob Bowling,What I was getting at here is if you're NOI is $3k/month and that represents 9% cap in a 9% market, then things are about where they should be and your purchase price is about $360k (in this example).