We typically won't consider a deal lower than 9%.In other words, for the amount of cash flow this deal generates, they are asking about TWICE what it's worth.At the $240K asking price, I don't see a deal that would make sense.I recommend you find out how they came up with this price and also why they're selling.You've got time: I doubt this property is going anywhere anytime soon! 

Do you use/like ListSource or PropStream for lead generation?

damn, homie is sure very responsive when it comes to generating cease and desists lol what a clown.

@Marlia Stone The advice to get the first unit running and rented to generate some money is spot on.

It's a little risky, because if you buy a property with barely/no cash flow and rely on appreciation and the market turns around, you now own a property that's generating nothing for a few years until the market rebounds.I love appreciation.

How much rent does this property generate?

Also wanted $600k in revenue and we generated closer to $700k. 

Generate my own personal estimate for each line item and ALSO a % confidence I have in that estimate.

The Bourbon Trail will surpass Napa Valley in revenue generated this year as well!

But what if I have other properties that generated a capital loss?