It is in good condition and she says just needs a new roof (I’d still get it inspected), and given the closest comps in the area are about $260k at minimum, I inquired about buying it from her (for both the discount and the immediate equity of about $35k-$40k).This would be my first long-distance rental property (and my first property in general), so I’ve run the analysis numerous times and just can’t seem to make the numbers work (even with the discounted price).

I included a mention that their new rent is the cheapest of all the similar properties in the area and the next closest cheaper renting property is in an area that is not nearly so nice.

Closest was two times in a lawyer drafted PSA after the PSA was signed. 

@Matt M.It seems all the bad advice seems to come from the ones you love and those closest to you.

I mention the $1,350 number based on 3 bed comps of similar size in Maumee, the closest I can find. 

@Joe VilleneuveJoe if you ever wanna come to Texas (Austin), I would love to buy you a steak.

If it does have street frontage, the closest SS is 2 miles away and there is demand for it in your area, definitely go this route.

Ok so as the title says im 17 Years old and i have been into wholesaling for a good 2-3 months now i learned a lot about the business and my closest goal currently is to get a deal before i turn 18.What i need help on though is doing this with no money at all.

And some like most of our closest friends are high school grads that bypassed college and worked an ordinary job and then invested on the side (I gave up a corporate management job with a fortune 500 company to drive a truck in the middle of the night to work real estate) and now we are people who hire college grads.

- If I send directly to the heir, what would you do if there was multiple heirs, send to the one that lived closest to the property or send duplicate letters to all of them?