On its face, the deal looks very good, especially if I can negotiate the purchase price down based on a package deal for all three. 

I asked them what happened and they said they sold a bunch of deals in bulk to an institution investor and my deal was in that package.  

Originally posted by Jeff Beard:PM is typically an 8% gross rents business PLUS 'fees' and that's the trap - -nickel & dime you to death.I wish I could send you a link to our negotiations class, but it's not available outside of the full educational package. 

They can get a portfolio  loan with  3% down and rehab packaged into mortgage but it's a 75 day process.

@Michael PInter, what type of difficulties did you encounter?  

You will hardly ever encounter any serious tenant payment issues, evictions, damages, etc.Let me know if you'd like to see a deal analyzer which breaks down the numbers and I'll send it to you.

I'm currently negotiating for a package deal of REO properties form a lending institution and I'm having my contractor do a lead inspection HOPING and PRAYING that those properties have lead so that this lending institution will be ready to practically give these properties away.

A few years ago Disney built several midrange hotels that they book with park packages that come with perks.  

So, we are actively looking for the 2nd one.On the rentals, I am working on a package deal with a wholesaler.

And also based on my experience, podcasts done by Josh and Brandon helps a lot on seeing obstacles, mistakes encountered by other investors then solution how they get around with it.