"Borrowing" the rent money from the landlord until their tax return or lottery ticket wins is not an option.

How do two-unit buildings bypass the condominium lottery?

You have better odds winning the grand prize on a scratch off lottery ticket for $1,000,000.But here is a disturbing thought.

Am I on my way to my own HGTV show....or should I just spend this cash on lottery tickets?

As a business owner, you are a BIG target for all the down and outers in our society who are hoping to win the lawsuit lottery.

(Yes, I realize you didn't ask us to analyze the property per se, but you asked for a reasonable offer price, which is absolutely tied to what will make the property a good deal, which of course requires analysis.)Bottom line, if you are absolutely convinced that it is a good deal at 1.4M, then take it at 1.4M.Originally posted by "littleivy":I have lived here a long time and have seen my home increase in value from 275K to 1M in the 13 years since we bought it....and our first home, which we kept as a rental, has increased from the 195K that we bought it to being worth about 850K+.I also won the lottery the last time I played, so I figure I'll be a shoe-in for the next time I buy a ticket.Have you seen this graph?

The success of the state run lotteries depends on this fact.2.

There are also thousands of people in this country who have gotten the last laugh by playing the lottery.

But, I guess you need to clarify what "red flags" are to you.Someone could be killing it/raking it in with sterling credit, income, etc. for that all to change when the cards fall if they are behind a ponzi scheme or even an honest profession that fizzled out (e.g. an actor, model, lottery winner or sports star who blew threw their cash.)Thus, a good tenant in the past could be lousy in the future and vice versa.

Great job.To be honest when I see these deals I consider my chances of that kind of return in my AO much like hitting the lottery.