simply...... because this place, with these numbers don't work. there is no equity, there is not going to be any equity for some time to come because the market in new york sits pretty still, and there is no one living in the place right now to get instant income from. obviously, no one live there very long anyway because it is vacant and this guy has only owned it for 4 years. in any rental situation, you can factor in a 25% vacancy rate as well, meaning at any given time, you will have no one living in there for 3 months of the year. $226 per month times 12 months of the year is $2712 per year. factor in 3 months of the year with no income at $950 per month, and your total years profit is gone. i would run the other way on this one. find another deal. they are out there

For instants one property says the value is $40,000 do start with this amount or try to get owner to give you a price.How do you get to max offer allowed(MOA).

His connections to an attorney, mortgage broker, insurance broker, engineering inspection company, property management, etc. provided me with an instant team that already all communicate on a regular basis and know each other by first name.

Checked out your site and it looks like y'all have the same set up I envisioned.Apply online for instant access via key pads among other things.I'll shoot you a message soon and we can chat.

Of course I would like to buy below market and have instant equity, but the more important criteria is what kind of return am I likely to make on my investment. 

You instantly get an email that tells you who paid rent and how much.

Given that you're looking to borrow the capital for the down payment, I'm not sure how you will manage the instant negative cash flow you inherit. 

Those loan payments then become instant cash flow available to payoff the next shortest, and so on.  

I would favor keeping enough cash or instant credit (think LOC) to be able to purchase your target projects for cash one at a time.  

I don't allow for Instant Book.