You pass up the opportunity for value appreciation, but how did that work out for folks who bought in 2006? 

If the numbers work out, since the place already being rented, how would you approach it?

The math seems to work out as a good investment.Other related questions that I would now look through:1.

@Christian Nachtrieb Shoot me a message if you're interested and we can work out more of the details. 

Because of it I ended up not going through with the deal because the #s didn't work out.

[Anyone can use an amortization website (eg. usmortgagecalculator dot org) to work out acceptable terms].I agree with those suggesting don't offer asking price, but you maybe ok to offer a bit over your provable sold comps (before or instead of bothering with independent appraisals)?

@Eddie AvilesI think that as long as you keep a positive arbitrage, the math will always work out in favor of higher leverage. 

The agent she had didn't work out very well.

Hi, I'm looking to purchase my second deal but I had a few questions about the contract with a deceased owner.Ok, so a widow reached out to me wanting to sell a pair of properties in Texas, but it looks like her deceased husband is the only one on Title according to the county website.1) I'm assuming the Title company will be able to work out the widow, survivorship of the property and legally she'll be able to sell it to me?

If you have 16k cash and can afford the holding costs, live nearby and can keep the property and rehab materials secure it might work out.