Ibrahim S - The reference I was trying to make is that the sellers want 50K over the assessors tax value - admittedly low- but which presumes the house is a functioning home, which it certainly is not after the owners long declined to put a needed re-roof on it and it shows the interior damage results where the ceiling landed on the floor in the kitchen, etc.

There's a huge body of law on this and I don't know Ohio law (I presume that's where you're buying since I recall that's where you invest), but most likely the more specific, remedies provision is enforceable.

I have seen it mentioned here to select zip codes that are at 2/3 of the median price for an area, and presumably zip code screens cost less than AVM's using a polygon drawn on an area map.

(Presume they'll do a crappy job, and count it as a cost of doing business.)

Perk to this route would be that commission checks from leasing would be more frequent, I presume?

Presumably, you WILL need to disclose your repairs upon any sale...8) Find out what is behind the paneling.

Presumably, the bulk of your responsibilities would be fulfilled at purchase and the bulk of his responsibilities would involve the mentoring and fee payment upon sale.

24% ROI would make sense on a leveraged property, but like somebody else mentioned, selling a property with owner financing, even at a ridiculous interest rate would net the seller significantly less money each month in exchange for a presumably small up front capital influx.

Presumably I could have used Prudential, which still uses range pricing in our area (and my realtor happened to be a Prudential agent).

Presuming it is the latter expect to pay to find anyone but the easiest to find.