No but I had some identity theft about 8 years ago an the person used my info to get credit cards from home depot, circuit city, wal mart, and about 3 or 4 other places.

There are 3 other buildings identical to the one for sale and they are collecting the same rents.

Before I found this site I went to one of those 3 day workshops run by an investing guru. I was told by a so called mentor that I shouldn't even start doing deals at all until I got an LLC setup. Of course he would he...

I would argue that $75,000 is the actual value, even if the identical house across the street sold for $100,000, 366 days earlier. 

I too came across a deal almost identical to this not far back.

When I compared his math to mine, we end up at almost the identical profit margins, so in essence, we use the same formulas.Lets use this as an example:Purchase of $200,000Rehab of $40,000ARV of $320,000That is 75% all-in.I have 5% agent fees and 1.5% title/escrow/transfer taxes/misc for a total Resale cost of $20,800 - Lets round to $21,000 (I ALWAYS purchase a owners title binder on acquisition to cut my title costs on escrow, if not, expect to pay 2% total.Assume 12% interest and 3 points for financing, plus $1k in fees and assume you can borrow 100% of purchase, you bring $40k rehab funds for skin in the game.

MyFico has one and Identity Guard has one.

For me it works out great because there is no chance to fall victim to an identity thief opening credit in my name.

Reading is utilized to begin and continue the educational process to initially lay a foundation and then continue building on it once you have gained some real world hands on experience.The interesting and exciting part about real estate investment is that no two deals are identical.

If you do inherit, get the leases earlier and confirm their identity and payment before closing.