Gross profit is interesting because it appears to just be the difference in his acquisition and sales price and fails to take into account the other obvious cost of running that business which includes, again according to him, the cost of over 26,000 letter print, mail, post, and the cost of the lists needed to create a mailer of that size. 

Is it fairly priced for the size, location, quality, and other factors?

Rafael,Whether in Memphis or any other location, my advice is to stick to homes priced near median value and in areas that are stable with pricing. 

Hi Erica, what I've notice is that high-quality (high-priced) washer and dryers don't out perform other based price models in rentals. 

Steps: you go under contact with the owner of the property, you assign the purchase and sale agreement to the end buyer, the end buyer closes, and you get paid the difference between the agreed-upon price between you and the owner and the intended purchase price of the end buyer. 

The median home sold price reached $582,329, reflecting a 9.7% increase from the previous year, with a median price per square foot of $325.

Though my last visit turned me off with the traffic and prices.

Purchase price: $940,000 Cash invested: $250,000 I purchased a Self-Storage Facility.

Every year realtor.com releases a Top Housing Markets report based on anticipated sales growth (inventory) and price growth (appreciation).

I wouldnt give any consideration to what the seller needs in order to break even in determining the purchase price.