Too many negatives and they bail.My 2 cents on the pluses and minuses of your offer: - Down Payment is over 22% of list price + good rent price for the property cost- Rate (10%) is higher than going rate - Short amortization makes large principal payments and no/negative cash flowThree strikes...

Looking to get my first property underway, but am striking out to find something that makes sense.

As kind of a preemptive strike I've scheduled a consultation with a realestate agent in that area.

So you need to strike a balance, with some “cushion” to protect against normal friction.Assessments of Value - Using Capitalization RatesOnce you have the NOI, you can then value the property using the Capitalization Rate or Cap Rate.

That is simply the fact in many markets right now you can't find a property that meets the common benchmarks we strive for.The question for us becomes whether or not we are willing to accept less than optimal returns or if we remain disciplined to strike only deals that check all the boxes, even when it seems that they don't exist.

Strike the deal with them as to price and terms but make sure they know that closing occurs only AFTER you have a property lined up elsewhere. 

The other three will probably being waiting for five o clock to strike their whole life so they can go to happy hour.

There are lots of RV's for rent -I'm guessing that the winter in Oregon is slow for these folks so maybe you could strike a deal. 

I was looking at 3 family houses for about a year and kept striking out for one reason or another.

You're probably going to strike out.