No way. man... Go

On the other hand, that can all be lifted given he and his wife are equipped with a good PM to do the job.But yeah, I wasn't trying to say that each vacancy would be more costly as the "slices" of the pie are much thinner the more units you have.

Man going from 7,000 to 10,000 in 10 months is pretty impressive.

So while I'm not suggesting the group is the best thing since sliced bread.

All in all it was like a little slice of heaven in the middle of an upscale suburban neighborhood.But I'm rambling, so really what I'm gathering from everyone's responses is that it's not unusual for Fannie May to be way off about their asking price.

If I were to have them refi when I take over (assuming they're staying the deal in some way so there's no straw man going on!)

If you have a track record, some HMLs will give you a slice of the rehab money up front.

On the other hand if you are looking to really slice the asking price to bits with your offer, up your Earnest Deposit and make sure your other terms are favorable to the bank.

I suggest contacting the listing agent directly , have him/her place an offer as a dual agent (both buying and selling agent).Most agents would jump on that opportunity, because that means they can have two slices of the pie (as opposed to splitting 5-6% of the sale price with another agent).

You can change your slice of the world, but if the guy next door rents to pit bulls and allows cars on blocks in the driveway, your good tenants get fed up and bail.