If this place is an older property, I don't know of many flippers who would take the $30k (hopefully, prayerfully, fingers crossed) deal if they could just get $10k now and buy the next one. 

@Trevor Andersen That's awesome man, fingers crossed. 

Sadly, we're an industry of amateurs, so you've really got to be careful who you do business with so you don't waste time or money working with someone leading you nowhere.Ultimately, you'll want an agent who has their finger on the pulse of the market... have they conducted research on all available rental properties in the area?

Now that being said if they have a lot of equity or motivation I'd schedule an appointment and just cross my fingers.

Small commercial building right on the border of putnam/dutchess counties, single family in putnam county, and two buildings in Poughkeepsie currently in contract, fingers crossed.  

Yesterday I made my offer on 3rd Property, crossing my fingers by end of this week I should have an answer..My first Property I manage myself, 2nd because I rent out all the rooms to College Students (4 in total) I have a Property Manager.Most PM in Charlotte will charge you 8% of your rent per month, the finder Fee for finding Tenants varies from company.

I swipe my middle and index finger through my pits like a credit card, both hands at the same time, as if I was an armpit gun slinger through my stinky pits, and chase the daughters of ma baybee.

It is simply because the banks need someone to point the finger at and they certainly would not point it at themselves!

When it goes the other way after purchase and people start losing money and creating stress in their lives then everyone points the finger and lays blame.That's when you need to point to the written and SIGNED operating agreement notarized by all parties. 

@Philip Williams - we were turned away right away, but after research we found the prior owner passed away - so I'm sure there hasn't been any management the past 6 months- and it looks like kids/relatives are looking to just liquidate it - so I've got my fingers crossed that's the case and it will turn out to be a good deal