Just give me the skinny of the information.

But what Jason eluded to is these pesky overlays that banks have so here's the skinny on what you should know about REFINANCING investment properties with conventional money (purchasing is a little different):You can use rental income from day 1 to qualify.  

I like to say that you can launch a 'single' property Initial Public Offering (IPO). Deal

Pro Habber: I could email you a few pics of the house, and property.It's indeed a big house, although its just a 3 bdrm 3 bath, with a few extra rooms, ad good size den, double chininey, 2 "great rooms", one long skinny room the guy used to work out of his home in, a small room with no known designation, and a little workshop room....of course the room where the indoor pool is located.

The problem with low rent properties, $500/mo, is the normal repair/capex percentages get skewed.....a single $600 water heater replacement would be 10% of your annual rent on one of these houses, as opposed to being 5% of annual rent on a $1000/mo rental.I definitely agree with either not buying, or selling shortly after, the 4th older house.The “1% rule” on these lower priced rentals is inherently skinny....more applicable to higher priced properties where better appreciation would be expected.

Others seem to use the term broker and agent interchangeably.Does anybody know the real skinny on this?  

You have crawlspaces, that may be very difficult to access by any plumber that's not skinny ;-).

(or ask for a discount to pay off the debt).A great way to make money is to locate vacant real estate, contract to purchase it with a skinny contract of sale and assign it to someone else for an equity profit.

I also often know sellers motivation and can reach out to other agents and get the skinny.

Getting back to the deal itself; it sounds a bit skinny-even at 5.25 the asking price is high-IMO.