Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.

Bank financing is very tough for anyone starting out so HML is generally ( unless you use your own cash or cash in your network) the only funding there is.. the goal has to be though moving towards bank financing so you get the best deal possible.. right now I am at 1/2 point and 7% and my bank pays for my appraisals.

Welcome to the community and be ready for a huge amount of information at your finger tips.

Next, I needed to find an investor to assign the deal to.

Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.  

Any advice, tips, or scripts for making the initial contact and navigating this process would be greatly appreciated!

Any help or tips/tricks would be greatly appreciated.Thanks!

Purchase price: $57,500 Cash invested: $100 Sale price: $90,000 Small vacant lot, overlooking I-40 on the westside of Nashville How did you find this deal and how did you negotiate it?

It'd be nice if I could receive help or tips from anyone (new or experienced).

You are talking about analyzing deals on a spreadsheet only since you want to look out of state.