Don't saddle yourself up in their marital situation because it's nothing to do with you.

https://www.dangerreport.com/usa/dangers/agents"The real estate industry is saddled with a large number of part-time, untrained, unethical, and/or incompetent agents.

Saddled us with 6 month unpaid water bill.2b).

There are moment frames, hold downs, strapping, saddles, A-35's, and a bunch of other stuff like the bolts that hold the foundation and the framing together.

The only thing worse than overpaying for a property is being saddled with the issues now and having over leveraged debt versus the rents you are getting after repairs.Better to wait for a better property to come along then cave in and get over attached to a property.

I like Delta Title, a lot of people use saddle creek.

In the last couple years, some areas (ones saddled with a lot of bad loans that were hit the hardest) have doubled from their lows and areas that were more stable (generally nicer areas) have surpassed their 2006 highs.As an investor, I correctly took advantage of this swing during the last several years and am continuing to see appreciation.

I haven't met one successful RE investor or wealth-builder saddled with car payments.  

I grew up in Bergen County NJ went to school in Upper Saddle River and watched NYC grow throughout the years, what brought me to Philly was Drexel and I stayed here ever since for 10 years and see such rapid growth like I did in NYC. 

Where I live In Cherokee county that same property is about 60k.Tenant class would be about the same.The LAST thing you want to do is saddle yourself with a high debt service and mortgage that cripples you from doing the better deals.I see it a lot where an investor buys a house and pays to much for it.Any little problem goes wrong like eviction and tenant damage or unanticipated repairs and you are now in the red.Many bought houses in your range when the market was hot in my area for appreciation.They didn't care if it cash flowed as the appreciation they could just refi out and make money that way.Sometimes people will buy something just as a tax write off to show losses and other times if you break even but the old property is sitting on future commercial land or other potential develop you can make a great return that way.If it's a house in a subdivision there is only so much you can do for an exit and return strategy.The numbers you have given I would not do the deal.