@Seth BormanAccording to the extraction company, there will never be disruption because they are drilling outside of the city and pulling oil and gas from under our houses...The extraction company stated the prior lease allowed for the auto-renewal and that it transferred to me automatically as the new owner.

You have to be able to spot and extract hidden value by transforming to highest and best use.

.- Negotiating - not just the price, you are negotiating to extract information out of sellers - condition, price, situation, etc.  

I mean the numbers clearly work but I feel like it will take a decent amount of time to extract enough capital to duplicate this as well as duplicate this with a larger property 

I've checked out loopnet.com but did not see how I could extract pertinent property info without a (costly) membership fee.I have a deal analyzer I will be using and I am now looking for the data to plug in.  

We are focussed on a very specific area of Uptown and on acquisitions where we can force significant appreciation - the idea being we can purchase, retrofit, rent and refinance to extract most (or all) of our initial capital outlay.  

It's an ok deal but not so great once I have to add in water extraction, repairs, and potential mold remediation.Has anyone ever backed out of a deal while under contract due to a sudden event like a basement flood?

Now this isn't a glamorous deal, but I bought my first pre-construction home in 2013 with the idea that it would appreciate and bring in some capital.Two years later, I just finished refinancing and was able to extract over 30k!

With the power of Excel and/or Google Sheets, if you have a little programming knowledge there's the ability to extract and compile everything Property Radar gives you for free.  

You need real data (as much as you can extract) and a thorough discounted cash-flow analysis as a minimum before you ink a cheque.My only reference to percentages in this thread was indicating you should analyse your deals with historical debt service interest rates {since we are in an environment where rates are more probable to rise} to see if they still stand on their own.