One of you has unrealistic expectations of the market in that area. 

They were a bit unrealistic though following the inspection. 

For example, 1% rule is highly unrealistic where I am in the Bay Area.

Originally posted by @Todd Witt:With our calculations including 5% monthly maintenance, 8% vacancy, 5% capital expenses, 10% property management (which we will be doing ourselves) his offer will give us a negative cash flow.I'm new to REI as well, but this seems unrealistic.

I call or send mail on ones I see vacant or appear to have been, but usually no response or people have unrealistic expectation of value.

That's completely unrealistic, despite what the late night infomercials might tell you.I'd spend a month or two just reading and asking questions...then focus on making money...

Sellers can be very unrealistic about their price.

It's resulted in some unrealistic expectations for pricing. 

I don't live in Century, I just value my privacy on the internet thank you.My response isn't ridiculous, you are throwing out unrealistic numbers at contractors and seem to be upset that you are getting screwed over.

I've seen some really creative traps lately and they lure investors in with unrealistically low rates, then once at closing they tell them all the crap that comes with that rate.