How long -- Time on the market and price (reduction) are close cousins -Price softens as time moves on and motivation and reality is realizedEverything will sell at a price -The first thing I'd want to do is get the history of the property - how long on the market, why is it vacant - what's the reason for selling - is it listed - look at listingWhat is the mortgage balance - is it current or in the arrears - What other liens or obligations are on the propertyHow many owners - decision makersWhat is the commission - will agent splitAre they open to a reasonable and creative offersDo they want any profit or to just get it out of their nameCan down payment be paid over time -How much paper with they accept - delayed payments - principal mortgageWho is the decision makerHow fast do they want to settleEverything is negotiable - CONTROL IS KING - learn how to control real estate - it is a short cut to cash flow - it is the best way I know of assigning properties.Who controls real estate - An agent with a listing agreement (treat them well - they are in control for a period of time)An accepted option agreementA buyer with an accepted contract of sale with contingencies

On the last one, there may be recourse if there was clear misrepresentation in writing, but that's a matter for attorneys.In reality, your only recourse may be a slam on turnkey-reviews.com and a learning experience.Definitely replace management with a trusted local.Good luck.

In reality, you’ll find the markets with the highest percent of rent as a percent of price are the worst appreciating or maybe even depreciating markets.

Ashley - I don't know if this is a good deal or not - but I did respond to that listing - it looks bad and empty - There could be lots of equity or lots of stress - I like in and out in a short period of time.In my opinion every property offer is a "deal" - Every property offered is or could be a good deal -The only thing that make a property a bad deal is PRICEEvery property will sell if the price is rightTime on the market and price (reduction) are close cousins -Price softens as time moves on and motivation and reality is realizedEverything will sell at a price -The first thing I'd want to do is get the history of the property - how long on the market, why is it vacant - what's the reason for selling -What is the current mortgage balance - is it current or in the arrears - What other liens or obligations are on the propertyHow many owners - decision makersWhat is the commission - will agent splitAre there open to a reasonable and creative offerDo they want any profit or to just get it out of their nameCan down payment be paid over timeHow much paper with they accept - delayed payments - principal mortgageAshley - since you exposed this property to all of us - You should see if you can get the answers to those questions above - and play the game - WHAT WOULD I OFFER?

When/if you're seller ever comes back to "reality island", you win.  

I think one reality is that you won't get these built for $80/SF, especially one at a time, hiring a gc to do it.

I have no idea where to start, but I am hard working and willing to do my best to make this dream a reality. 

I have been interested in real estate for a long time and Bigger Pockets has pulled me in to really wanting to make this concept a reality. 

But in both careers, I found I was giving more time and getting less fulfillment.While working 9-5 jobs, over the past 5 years (Finished Study at BGSU in 2011), I've spent countless hours working for free and volunteering to try and make my dream of working in an NBA Front Office a reality.

Knowing the ins and outs of the numbers and tax consequences of owning real estate, as well as the realities of rehabbing and the construction industry in general will no doubt set us up to be successful if we continue to work hard towards our goals.So far: We moved out of our personal residence (SFR) in March of this year, and purchased and moved into a duplex on the other side of town.