I let my emotions get the best of me immediately assuming a worst case scenario.

@Devin Voelker,Like @John Mason asked, check to make sure your comps are solid, maybe even price in the worst case scenario for a rental. and see how that affects the numbers. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

WORST LEASE I HAVE EVER SEEN!

The worst are three person partnerships.The most stable are 10 or more.

This is the worst sales market we have seen in well over a decade.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

If shortcuts were taken, and/or your inspector sees problems with the repairs, then it might be the worst case scenario that you would walk away from.

From the City to the courts, the police, the litigation lawyers, the inspectors, the utility companies and worst of all the tenants. 

Deeper discountsMaybe I’m wrong but worst case scenario is that I spent money, learned a lesson and helped some people out.