Starbucks and In-N-Out Burger ate up the rest.

Even if I ate 200-300/month, banker said no loan until 2+ yrs rental history--which leaves me renting for the next two yrs (which I don't want).

That ate directly into my cash flow which required me to lower how much I could offer.

., my sewer line replacement that ate 50% of a years rent all at once.) 

So I bumped the asking price down to the cap rate of that area 7.8% and got a price of $301,538 and made an offer at $300,000.That puts my new price of $300,000, expenses ate 50% ($24,000), vacancies ($5,280), and mortgage ($18,649).

sorry about lack of info.They need to sell because the payments got out from.under them, from what I understand they are having money troubles and HAVE NOT paid the house off yet.but they need to sell this house so they can move into another house that is more affordable.they ate living with family at the moment until the house sells

The terms that you have presented ate extremely competitive for any real estate investor, let alone one on a first flip.

All the copper has been stolen along with anything of value.Raccoons ate thru the roof in 2 places so there is some water damage on 2 walls.

Hello, does anyone know of any good seminars to go to near the trust ate are? 

Skip tracing the properties will give you phone numbers rea;ated to the properties in question.