Research what's available right now, and if its close, then you have some hope of finding that three years from now.Honestly, I think paying $20K (I assume that includes any rehab) for $650 for rent is a SCREAMING deal.

Income: Scheduled rent: 57,600 Vacancy (8.33 - 10%): 5,760 ---------------- Gross income: 51,840 Expenses: Identified Expenses: 18,000 Maintenance/CAPex: 3,984 (10% of gross - 1200 already in your figures) Property Management: 4,147 (8% of gross) ------------------- Operating expenses: 26,131 NOI: 25,709 (CAP: 8.57% at current ask) Debt Service: 19,258 CFBT: 6,451 (537.58/month, 89.59/door/month) Not a screaming deal at <$100/door/month cash-flow before taxes.

-No name on CL account (not the end of the world, but when combined with other issues it's a red flag to me)-Email riddled with spelling and grammar errors-Looking to sign a lease this week-Emailed me 3 times on 12/1 and another time on 12/2To me, this screams desperation and almost certainly future headaches.

James,I think what Mark was saying is "$10 EM (complaining about $500) for a 30 day "free" option", screams Shaky/flipper/etc.

Your two single best possibilities of financing are from either the seller or someone you already know.A hard money lender is going to want to see 1) an exit plan and 2) most likely some of your own cash into the deal.Even if its worth $150K its not a screaming deal.

So...I'm convinced this isn't a screaming deal.

Great posts here, I never used a script, I just hate canned scripts and to me it screams a lack of knowledge to converse on the matter.Carol, I think you are to disclose your agency relationship "upon the first opportunity" which around here means right after someone says real estate.

Sometimes they were just screaming deals (or so I thought) with mouth-watering margins in subdivisions that to my naked eye looked fine, or even better than fine.

We can now, and we weren't really looking, but something told me to drive that subdv. yesterday and those houses were screaming at me. :)

If somebody I knew and really trusted came across a screaming deal once in awhile, I'd go in with him/her.