As I said, we are still just "TALKING", as in preliminary discuss, has not yet gotten to the point of application and screening yet.

Then add end investor profit as well as your assignment fee if wholesale.Then figure out your MAO (Maximum Allowable Offer)Get ARV by CompsGet Rehab by Contractor Walk-through or Best GuessGet Mortgage/Lien by asking Owner (or get Auth to Release info and talk directly to Bank)Get Liens by preliminary Title Search (Title Co. will do for free for "realtionship building" purposes)Step 2: Make Offer not greater than MAO Offer accepted move to Step 3.  

I don't have any statistical data on this statement, but I'd wager 80% of people that say they want to be a real estate investor never do their first deal. ( I'm not including people who buy their primary home. ) There's nothing wrong with that, its not for everyone.  

How many APNs are listed on the Preliminary Title Report?

If you go on Zillow and look at what's available for rent in Toledo, I would wager that the vast majority of the rentals are in the 700-950 price range and that vast majority of the rentals are within a couple miles of each other.  

Projections 30 years from now mean nothing, if I could have an even money wager on government projections being wrong 30 years out, i would never have to work a day in my life, it would be printing money.  

They want $115,000 and I followed up a few days later with my offer (after analysis and preliminary due diligence).  

At preliminary glance, there is nothing in there about what units are currently rented or anything about the leases.  

They were in communication with me and after paying $199, they stopped communicating effectively. i was later told that before the underwriter will do a preapproval, all required docs including title and paying for one year of insurance must be provided. i paid for the insurance and also provide the preliminary title and still heard nothing back.

I was preliminary approved today but I just want to prepare in advance of any road blocks that I might be encountering in the near future.