Bloody hell lolAm I the only person attending this thing?

Those rents, plus no central AC, plus that purchase price....to me that screams not a good area of town.Also, was this an MLS listing?

No--those ads especially all caps scream rental agency/relator to me.

You just passed on a SCREAMING deal!

Also, if they did, the funds from the end buyer being used to fund the short sale transaction would be a screaming violation of most arms length affidavits/no side deal affidavits required.

Judging from your rent and ARV estimate, either this is in the suburbs or you're getting an absolute screaming deal in one of the hot neighborhoods.

So, there ya go.And, at 75 he's getting to the age where his heirs need to be informed, no idea what the deal is, but they can come out screaming after the fact causing all kinds of trouble.

Anyway the agent wouldn't stop screaming at me on the phone so I could explain what he doesn't know.

This is 57% of ARV and on it's face, a screaming deal.

We intentionally invest within two miles of our home in the neighborhoods of West Vancouver, but I would consider going outside that area if I found a screaming deal.I choose to keep my investments within Clark County Washington State because I know the municipal, county and state laws here regarding rental property and landlord-tenant law, I know the courts and attorneys here, I have a good working relationship with the city police and county sheriff here, I am active in the local rental association, I have established my tried and true vendors here, I know these neighborhoods, I know this market very well and my business licenses are in place for operating in this location.I love the fact that most of our rental units are located between my home and my place of work, so I can easily drive by and keep an eye on them.