I can't remember who it was that said, "The ability to quote is a fine substitute for wit", but thank goodness for great people I can quote anyway :wink: Your post reminds me of another quotation:" What work I have done I have done, because it has been play.

if it's a true win-win situation, then you'll work it out with the seller.the principle of substitution applies, which simply means that no one will pay more for a property if an equally desirable one is available for less.ultimately, the buying public dictates what the market will be.

Note that this is not 2% return on your investment because you are not investing $100,000 (you are only investing your down payment, which is hopefully very small).Thus:GR = DS + E + CGross rent must equal the sum of debt service, expenses, and desired cash flow.GR = DS + .5GR + CThis substitution is possible because E = .5 gross rents, as already defined above..5GR = DS + C.5GR = 1000 + 150GR = 2 * 1150 = 2300Now, all that said, this is largely a useless exercise.

This way it is a simple chart that you can look at to get an idea of what cheaper substitutes are out there and available.I personally don't have enough experience in different housing types to do this, but if anybody with lots of experience wants to volunteer then please, I know I would benefit from something like this.

Also, I believe if the buyer choose do include a recourse provision in the purchase contract asking the seller to substitute an unacceptable property with a new property.

But, I think there's no substitute for actual listings.

This post is for general informational purposes and is not a substitute for professional advice from a CPA or attorney familiar with your situation.

There is no substitute for Action.  

(A recorded trustee’s deed or similaralternative confirming amount paid by grantee to trustee may be substituted for a HUD-1) Preliminary title search or report must confirm there are no existing liens on thesubject property Sources of funds for purchase transaction are documented If the source of funds used to acquire the property was an unsecured loan or a loansecured by an asset other than the subject property, the HUD-1for the refi transactionmust reflect all cash-out proceeds be used to pay down, if applicable, the loan used topurchase the property.

Sounds like you are just substituting the word Caretaker for Property Manager.