Assuming he was truthful when telling me the numbers, it would cash flow very well.  

Surely not the news I wished for, but at least the truth. 

@Franky ...I wish I could say that I found a lender this flexible but the truth is not requiring an appraisal was news to me as well. 

(Some people think that just because we are in something for the money that we are greedy people) However this is furthest from the truth for us.  

If you want to talk about CA bashing just come up to the rain forest ( Portland Oregon) there are riders on Real Estate for sale signs that say  NO CALIFORNIANS and that is the truth.. the died in the wool Orygonian thinks that in migration from CA has ruined the state

@Raimonds Lauzums There's truth in that haha. 

A pitch man is going need some really good hype to sell to draw people in, it's most common that these gurus throw out spin on some aspect that is not fully disclosed, like half truths.

If you are not an agent, you don't have to do any of the things you suggest.The challenge is to make the seller understand the truth, that you are NOT acting as their agent in this particular transaction.

They spend all of their time telling the Seller about their company, services, and how great they are, instead of finding out what the Seller wants or needs.At the end of the conversation, they know all about the investor, but the truth is that the Seller DOESN’T CARE ABOUT THE INVESTOR!

Well the truth is this - if the property is on the MLS, the seller has already signed an agreement to pay a certain percentage for the sale (5-6%).