@James Wise That's my opinion as well but he hasn't fully grasped his situation or acting like he doesn't so unwilling to budge.  

At first, I was rather afraid to take this step into something I had no grasp of, but after seeing so many articles and reassuring comments, I believe I am finally ready to take that first step into a journey of 1,000 miles.

I'm still trying to grasp the various REI  strategies and decide which is the best fit.

Your guests are well informed and are able to explain fundamental concepts so newbies can easily grasp them.

Curious about getting real estate license, but I'm having trouble getting a grasp on the true costs associated with getting licensed and then maintaining license.

So, just so I understand (because I'm still trying to totally grasp the concept):  I'll plunk down all cash at first and then refinance w/ a lender to get a mortgage on the place--so that way, I'll get the money back that I paid initially (or most of it), and afterwards only have to pay the monthly mortgage, correct?  

Although I learned some valuable lessons very early on, I know have a better grasp on inheriting tenants and what to do when I first take ownership of any rental.

Listen to all 90 some podcasts and you will have a great grasp on the concepts talked about in realestate investing!  

I thought I remembered from a few of the BP podcasts that people had been able to force equity by a combination of improvements that enabled them to raise rents and better management that meant higher occupancy.Now, provided the OP has a good grasp of his market, he's saying he can raise rents WITHOUT exceeding market rates, which I think we can all agree is a good idea.

I don't think you grasp the serious nature that could  unfold and you're still trying to make a deal out of this with the seller.