That is like infinite returns and beyond for us in RE!! 

Rent should be about 1% of the new loan, which you are about 0.7%This would be a hard pass for me personally, and I'm not sure how you're getting an infinite CoC return on this one.

I trust my knowledge of value infinitely more than a website or a realtors comps.Mike

Immediate cashflow off the shelf from a retail purchase is tough right now in most areas, and no guarantee that opportunities for this will come back any time soon or ever.

No one's going to leave a good deal laying around on the shelf.

They don't need a nonexistent piece of 'land' that is in infinite supply.

I’m probably going to log out of here for a while because I’ve made my assessment based on feedback (1) there are some guys exactly like me out there who know this is messed up, thanks for letting me vent (2) there are many honorable real estate agents saying “that’s awful that he lied, here’s some practical advice” (much appreciated) (3) there’s a handful of shark brokers with a couple decades of experience, thousands of posts, infinite BP resume boosters like podcast guest appearances or moderator status - and most of these guys very clearly have a different ethical standard than myself and seem to live life by a different playbook.

Don't buy the cheapest thing on the shelf.

Everything is flying off the shelf.

However, if you sign up for my three day seminar I can teach you all the ways with which you can differentiate between a dirt weed smoking loser applicant and a highly productive, rent-remembering, exemplary member of society that will fill your unit with the citrusy-sweet relaxing aroma of top shelf strains like Super Lemon Haze.