All units leased at $500 a month, which owner says low rents and will raise.Building was built in 1970 and doesn't look like any improvements have never been done since.Hes asking 390k ,appraisal district has it at 200k.I know the appraisal district is not accurate,but I think 390k is way to much.Shoot theres 1/2 acre identical vacant lot next door.Thought it would be cheaper to buy this lot and build 8-12 units from ground up.

@Ian FretheimConnect with me and I'lll explain what I had to do as I had almost the identical situation got it corrected

If you require an app before showing the unit....you sound like a criminal who is trying to steal someone's identity.

It sounds identical to these houses, so I think your appraiser is correct..  

😉The scam works by stealing your identity OR they are probably going to request payment for fees upfront.In general, dont give them sensible data like your SSN etc before you have vetted them.  

Just be ware that if all of these people are renting an identical unit and now they are all your tenants, they will talk and someone will not be happy about paying more than the others, I would try and bring all the rents to the same price at the same time to be fair.

If they hold it in their name, the new property would have to be held in the identical name.

All of the proposals should be for the identical job.

However the biggest lesson for me has been figuring out my investor identity.

The deal wont fund until they verify the identities of the buyers and clear them from the financial terrorist watch list.wow...