The deal was up 70% in 2 years which was a great 35% ROI a year but I think the GP wanted to gamble and go for the 120% in four years which people can argue if it was the right choice in this sellers market.

But primarily wanted to get input on whether or not I should spam offers.

some will be filled with garbage etc.this forum is HEAVILY guarded against spam posts i'm sure.

Appreciation is speculation a form of legal gambling.  

Amortized over 30 yrsIncome:Total Gross Monthly Rent: 2,845 (if both units are rented/1,500 if owner occupies top unit and rents out bottom)  Seller thinks 2,945/month for bothFixed Landlord-Paid Expenses:Electric & Propane: 360/month (seller currently has them on one bill so I put 360 into the 'electricity' field)Water & Sewer: 65/monthTrash: tenant pays for their own trash service / owner occupier when living on first floor unit hauled his own trash to dumpInsurance: 90/monthProperty taxes: 550/monthVariable Landlord-Paid expenses: (A bit of a gamble: I put in low percentages here in efforts to make this look like a better deal, rather than being more conservative with higher/safer percentages, so I’m curious your take on this:Vacancy: 3% (88$/month) -I don't think it'll be difficult to rentRepairs and Maintenance: 3% (88$/mo) -It's freshly rehabbed...though yes, I know there will be unseen repairsCapEx: 3% (88$/mo) -It's freshly rehabbedManagement fees: 3% (88/mo and I would be the manager)Future Assumptions:Annual income growth: 2% Annual PV Growth: 2%Annual Expenses Growth: 2%Sales Expenses: 9%Are there any other expenses I'm not seeing, i.e: inspection/appraisal (or does the seller pay those) etc?  

And capex is not an operating expense.This is how they are marketing:) I am finding it easier to hit the spam button when dealing with most of them but the brokers should or do know better!

Bidding on a property without seeing it is always a gamble.

Even if the home is going to cash flow 2% a month, I feel like its a huge gamble. 

The 8 property portfolio deal may be an all-in gamble considering I have no experience in owning out of state properties.

Originally posted by @Bernard Castillo:I went Wed in NYC they had a Michael Rich doing the First part for 2 hours then Jon Davidson for 45 minutes on Trading options and stocks the $1500 costs were reduced to $299  each and 450 for both I didnt buy  I  just got an email in my spam folder I can now buy  the 3 day for $499 LOL