This is why I can't stand residential.There tends to be a bunch of scummy people on both sides of the coin buyers, sellers, agents are trying to make a buck at any cost.There are of course some good people in all categories it's just the barrier to entry to buy something is low for buyers and licensing is low for agents.

If it is a coin toss I always keep the money in cash.

So I've decided to just go ahead and flip a coin.

Maybe Brandon Turner can coin a new term for my version of investing buy high and give away  LOL..

Seems like a common number many folks use.Of course, the question on the other side of the coin is "What kind of lifestyle do I want to lead and where?"

The other side of that coin is you won't lose a deal because you don't ratio (if that's a verb).  

I have a mgt co (in an S-corp) and my multi-families are in an LLC.  

Two sides of the coin here.

Opportunities popping up, watch for the freight train it comes in fast.Keep your credit good, cash in checking and stay on the w-2 job.If you had a forbearance and owe -sell the property or bring the lump sum current to be ready to buy with a loan.When they stop using Debit cards and are paying with antique coins (wheat heads, mercury dimes, etc...) you know the population of an area is (out of money).And then it really can be Pick of the Litter--if you have some denaro.

Specifics are below:Desired Purchase Price: 115,000 (Listed at $130,000 and has been on for 120+ days)Both floors are 3bd/1bathBoth units are being rented at $1100 right now plus $50/month revenue via coin laundry. 2nd floor tenant has been there for 6yrs and 1st floor 3yrs.