*Someone I heard once talk about this topic said it best, it’s like two cars going in reverse, one car being Value of Money and the other Real Estate, One of those cars is going faster in reverse than the other so it makes the other seem like it’s going forward (up in value) however both are going backwards (down in value) just at different rates (hope I didn’t murder their analogy). 

I have never heard that there are record numbers of murders or rapes in the area.

I have seen houses and multifamily down inside Detroit asking price @10,000 with a fix-up schedule provided.It's called Land Bank Authority.The problem is finding renters who will pay regularly and finding a property manager that meets your expectations on a regular basis.As well as Murder, Rape and Arson.

The overall theme of this thread is whether one should spend any money at all on a mentor.90% or more of these deals go through brokers one way or another.. if the 20k is to learn how to buy off market and you are not using a broker well then yes its cheap.. but there is no mystery to this.. 

No mystery here, you are showing Reserve % Funded ranging from 45% down to 27%.

Chicago ranks 28th in the nation for murder rate, slightly less than Buffalo, NY and Montgomery, AL.

You don't want your number to come up as "mysterious spam number" on a bunch of call buster forums. 

A call to the tax accessor's office will probably solve the mystery.

I have recently become addicted to bp :)I just wanted to make a quick note about revealing your numbers to the seller(coming from a guy that is by no means an expert in dealing with sellers)...I think it would be a good idea to look at the low-end cash transactions and if they support the value you are presenting, show the seller what properties have been selling for....if you are going to provide numbers, talk about all the expenses on your end...commissions, interest, taxes, repairs, attorney fees, utilities, insurance...talk about what will happen if they list the property like get negotiated down, address issues after the inspection, they will then have to pay commissionsI def agree with not telling the seller what you will clear and make it a mystery as to what it will really sell for because its a buyers market, but letting someone know all the expenses on your end can be very powerful information to a seller because they will realize they have those expenses if they want to list the home...and instead of selling you their problems, they will keep them

We had a murder-suicide a few days ago.Talk about ambulance chasers.......next maybe you could figure out how to put a couple in a divorce situation and line up the deals for later on.I suggest you do straight marketing without touching on the subject in any manner, the reason they getting divorced or the fact that they are is irrelevant, they just need to sell.Divorce Team, that's funny