, using your GSI of $50,400/annual ($4,200 X 12) and I used a round 40% for Operating Expenses (includes 10% for Vacancy)..DOES NOT include debt services.

If, however, this person turns out to have little more than speeding tickets in his past, it's probable he got ripped off too.

And make sure you get tickets to a game or two at Fenway and the Garden (even though it's not the ORIGINAL Garden), watch the marathon and see the fireworks from along the Charles on 4th of July.

I'd probably offer a nice round number, probably $50.

I would ask this question in a thread which deals with seasonal markets, since you may get some creative responses.My market is technically seasonal (I do have 90%+ occupancy year round) and we evaluate properties with a 50% vacancy outside of the town I live in.

We've distributed our initial round of PPMs, mostly to our network of friends & professional acquaintances, and I'd like to expand this effort and find others who'd be interested

He needs to sell because can't afford payments, had a lot of bad things happen during the year (in the house), and has found a job out of state to get away/start over and just wants out (whatever the reason, he is motivated). 

The worst thing you can ever do is lose the momentum because she is going to think she can get away with this and put the burden on you when she is the one who needs to redirect that energy into solving the problem of finding your money.

@Woodward William Beardsley, sounds like a golden ticket "MAY" have landed into your lap.  

We just sent our second round of apartment letters and got 5% response so I am curious about doing storage.