I think the agent simply took market rent, applied them to all units, and used one of the R&M rules to come up with his number2. property manager listed no rent income for 6 months straight and suddenly for the very last month on paper there was an income of about 2800 dollars. this made me doubt if the entire income and expense reporting was accurate3. owner did not provide tax or insurance numbers - the listing agent estimated them...I also heard from the selling agent that one of the bigger units will be vacant from next month, due to eviction of tenants from rent delinquencies The owner is out of state and seems clueless on the operations of this building.

The article includes heat maps and other statistics related to rent/sqft ratios in different rental markets throughout the country.  Who knew North Dakota was such an expensive rental market?  Anyway, thought the arti...

And then of course your debt service if you really want to figure positive monthly cash flow.does it work out on paper?

ALWAYS put everything on paper, even if it's soliciting bids for small projects.

Those returns on paper can look great, but what class of property is it?  

Your strategy looks great on paper and so does my fantasy football team but we all know how that goes.

My system is a basically the same as the old 2 column paper ledger, just in Excel so you don't have to add it yourself. 

On paper I was skeptical at first but it is working out, 7 months later not a single issue.

If he does agree or is unresponsive then file court papers.

We decide to get our own realtor to submit an offer, and then the listing agent says that they accepted an all cash offer and we didn't even get to submit a paper offer...