Some points:Mold issue last year that required a large remediation effortContinuously late rentsPrior eviction record (property manager convinced me that the landlord was trying to "stick it to them"3x county violations for having rubbish on the property (car parked in the backyard, trash on the lawn, etc) - we actually just received another violation yesterday in the midst of these other issues==I'll hope for another round of responses and then draft a followup to the tenants asap.Cheers & thanks,Andrew

If this "85% rule" is indeed rubbish as the other respondents and I seem to think, you may want a different broker. ;-)

 $1k - $2k probably not gonna cut it, I would rather have the cash deal.However, if you're trying to purchase a home as an investment, then all of this is absolute rubbish.  

You can buy the land and building, cleared of rubbish, for $50k?

It then looks EVEN WORSE if you apply the concepts of exponential growth models to investments over time.Therefore, the $100,000 concept is pretty much rubbish. 

On the surface of it, that sounds like rubbish.

It does not create any loyalty it only cost the landlord money.Lots of landlords charge below market and their reasoning is complete rubbish.

The utilities (water, rubbish removal, boiler gas, domestic gas, and common area lighting) are paid by owner.

Yearly Expenses- Taxes $4,540.00 Insurance $1,278.00 Sewer-water $1,500.00 Rubbish $1,200.00Gas-Electric $3,475.00 Lawn $ 840.00 Snow $ 425.00 misc. $ 200.00After running the numbers cash flow is $-583.00 (including 10% vacancy, 10% property management, 10% Cap Ex, 5% repairs and debt service) Total monthly operating cost $13,522, mortgage $1,455.

I love vans (full-size ones), but as a DIY rehabber I am not carrying a dozen sheets of drywall around with me (and if you are a serious drywaller you are using 4x12 sheets anyway except for repair stuff or very small rooms/projects), but I am often carrying a load of tear-out rubbish to the dump, and stopping at Lowes on the way back to pick up materials.