The three main general rules of thumb emphasized here at BiggerPockets are the 2% rule, 50% rule, and 70% rule.

I can only emphasize that there are some great opportunities here.If there's anything I can do to help, or if you want a second (or third) opinion on anything, let me know.

If there's any advice I cannot over emphasize, spend as much time as possible on the front end and learn how to estimate rehab costs. 

Emphasize the land not the house.

Emphasizing this should get the parents to have a stern talk with their kids about making sure the property doesn't get damaged.

,,Youve even heard fron the not so teenage Ninja Turtle investors,,,,The teachers teachers,,,,the [yeah I hate to use the word,,,] Gurus Gurus,,,,This deal stinks on ice,,,,I repeat for emphasize ,,,,This deal stinks on ice,,,,Make the offer you want without down payment balloons,,Make an offer that makes sense to you and see how high she jumps,,,Its a good try,,,make you offer and if she doesnt like it move on,,,also;Track this deal and see how much she ultimatly sells for,,,There are many fish in the sea and you just didnt fall off the cabbage truck,,,let some other poor pendejo buy this crappy deal,,,,Um AbrazoDave DoyleMonrovia Calif

I want to emphasize again that this was my experience in Colorado.

Always insist on a guarantor (typically Mom or Dad) and run a credit check on the guarantor.With students you should also:1) emphasize with them that they (all the roommates) are jointly and severally responsible for the obligations of the lease.

When buying larger apartment buildings sellers expect to be grilled on every point when selling because it is a large purchase with high stakes.A seller that is objecting to everything you are asking for is hiding something or when they only give partial info they are trying to emphasize the positive and hide the negative.A seller has a right to vet you the buyer as well before releasing information.

I went to college and got a business degree that emphasized real estate.