I'm just in love this thread.

I'm sure he did really well with the property - enough so that he could complain about the cost, yet pay it and stay in business- but, I wouldn't buy one unless you had serious reserves, just in case. 

I'm just in the research and preparation phase at the moment.

Lol only kidding, but seriously you can offer cash for keys but stipulate they leave the home clean, it will save you a lot of money just in labor cleaning up the place when they leave and if they leave it dirty remind them that was the stipulation.

I liked the idea proposed by @Justin Moy regarding offering it as an add on discounted service. 

We are just in the beginning stages of discussing terms and that is what they started with.

@Justin Caputo I would love to connect with you and talk str Im looking into Scottsdale for my next one!

-Justin

After paying closing costs, title fees, appraisal, origination, underwriting, processing, legal and other fees, the typical refinance costs about 1.75 - 2.5% of the loan amount just in closing costs (obviously before people yell at me, this varies drastically by state, but having done loans all over the country I find this to be a pretty accurate estimate).  2) Keeping the average 2% cost in mind and the fact that people typically refinance when rates drop about .75% - 1% or more, I wanted to see if paying an extra point now when I was already paying all the closing costs to buy the rate down made sense. 1 point can get you between .5% - .625% off the rate depending on the days pricing and the coupon you are pricing. 

I was just in Nashville, and by all metrics, is over priced, over supplied.