The price paid is well below what we should have paid based on number of lots/homes/ that can be built.

The article is based on # of sales, not price increase or decrease.

Crime in Little Rock is significantly lower than most cities it's the way the city is zoned it looks high based on the old city limits and population.

I'm an asset-based (hard money) lender from Atlanta with an extensive 15-yr background in residential and commercial real estate looking to learn more from the BP community and how I can help those that need investment financing. 

I believe it's because the property is being sold "as-is," and they are unwilling to make repairs or negotiate based on findings.

How limited is your knowledge base?

Also if this property is on septic that also can throw a wrench into the ability to call a space "a bedroom" as septic systems are sized and permitted based on the bedrooms.

We are based of course in one of the most expensive places to live yay to that.

So, you knew right away that this was something that YOU should have been able to solve over the phone by asking them to check this switch???

In the end, it would have made more sense to hire a couple handymen for a week or two than me spending 3 weeks installing flooring, base and case.