I'd crunch the numbers for a rental if the neighborhood is OK and the rent is really $900, and plan to keep it.

After crunching the #, this is what I plan to do.Asking price $85K(neg)ARV ($80K)rehab $ ($15-$20K)other fees & closing ($6000)Offer ($40K)If she rejects (I will offer $45K)If she rejects (maybe a poss sub 2/depending on equity & loan structure)If she rejects (let her know my offer will be there if she changes her mind)Walk away.

It is always prudent to obtain a copy of your estimated settlement/closing statement a few days prior to close and have your tax advisor crunch the number so that you know what items must be paid for out of pocket and which are considered permissible 1031 exchange closing costs.

Be sure to do your homework, crunch the numbers, and have adequate resources to cover the unexpected. .

Be agressive, you are on a time crunch.

Yes, now that the election is over it's back to crunching numbers and getting an acquisition rush instead of a drama rush.

My mom (who is the other investor that owns 1/4 of the business) is more of a silent partner, but she has done some small loans from time to time to our business to help it get thru cash crunches that come with growing and rehabbing nearly every dilapidated unit we buy.

Unfortunately I close on Monday so I’m pretty crunched for time.

Then I read something from another source that shows that banks are sophisticated in this process and are not going to be just giving away deals.In conclusion, if the influx of the problems of this "declining" real estate market is from people that are walking away, willing to have a foreclosure on their records and had no equity in property, then I would naturally assume we won't see the best wholesale deals until these banks really feel the crunch of having to unload all these REOs off their books.

If they then pass on the deal to a rehabber or retail buyer and that person crunches their own numbers and is happy with the price, what does it matter what the wholesaler got it for?