I think most investors are going to want more of a discount than that to take it off the seller's hands quickly, as-is, for all cash so she can be on her way to her new job, imho.It definitely cash flows, especially if someone pays all cash (and even if they don't, but then again I assume your target buyer isn't getting a loan, or the seller may as well put it on the MLS and get the highest and best bid).

So, from my point of view, it may as well be a machine.Also, I agree that the rules they use for determining MAP is different for each area so it can take some time to learn your area.At one time I found a HUD asset management training manual that provided a lot of details about the process.

Wealth is having enough assets that you are, for all intents and purposes, unaffected by recessions and economic downturns.It's the connotation that rich are the high earners: doctors, biglaw lawyers, professional athletes -- people that may A LOT of money, but who may have few tangible assets with which they earn more money.

Fortunately I am still on a year lease that started on 9/1, which I had signed back in May. As

May a landlord continue to evict a tenant who is grossly late on rent (as of now, 13 days) after starting the eviction proceedings if the tenant tries to pay rent?

Lord knows $300k won't go far in Santa Barbara so you may as well head out to where you stand a chance.

But you have a point; I may as well train my handyman if it means paying less.

or you were absolutely certain the property will sell for less than your un-depreciated capital costs {not typically the outcome we desire when selling}.The reason for this is that the CCA (read: depreciation) will be recaptured at the time you sell the property {the delta between the depreciated value and the un-depreciated capital costs or the sales price (whichever is lower)} and added to your income for that year.If you hold the property in a corporation, the corporation would typically claim the CCA since passive income in a corporation is taxed at the highest marginal corporate tax rate; meaning the tax rate at the time of sale will be the same, so you may as well pay those taxes using tommorrow's dollars than today's.

If you're only going to use the MLS anyway you may as well have your own agent submitting offers.Why don't you just make offers without seeing the property.

If anyone wants a transcript of a particular podcast or a video from the BP YouTube channel, let me know and we can negotiate a price.I'm at home full time on disability and I listen to all the videos anyway; may as well listen and type at the same time for a little extra cash.  :-)Karen