Look into Duane gomer and real estate trainers.

I don't want to imply that Rockford is going to hell in a hand basket, but these losses of jobs do affect housing in the area including rentals.

And, amazingly to me anyway, lots of buyers are going for it because they are in a feeding frenzy.You only want to buy on the price implied by the current rents.On top of that, when you are in a market like NYC, with rent control, then chances are you cannot raise the rents, or you need to do something underhanded to get the tenants out.  

Two of the four water heaters are questionable at best.One of the units has a "soft" kitchen floor implying water damage.All units have carpet (even in the bathrooms) that need to go. 

I don't know, because I am not buying now and don't plan to be buying any time soon.When you do it this way, there is appreciation implied, but it is implied from NOI growth over time.  

This implies if you house hack with 10% down, the worst year in the last 5 years produced an 80% return on your investment.  

Also this deal includes a free annual carpet cleaning.His response was: I'm not sure what your Implying....Unfortunately,this house in this neighborhood is not worth 1600 a month! 

Very rarely have I seen it imply that you have to live there to own it.

While it generally follows that more cash-in implies more cash out, that is not always the case.  

I'm also having a hard time understanding why a broker would allow his/her agent to "wholesale", given this ambiguity as well as the implied fiduciary and "best interest" obligations of licensed agent/broker.