Some general questions:What is attracting you to this asset class opposed to others?   

Low rates make it attractive to borrow money, but owning real estate free and clear is a great accomplishment.

He will be lucky to sell it for 200k sometime in the next 6 months in my opinion. its a large home, a home that would attract a large family if it wasnt for the busy street out front that would stop the heart of any parent if their kid ran out into it. thats ultimately what your trying to put a price on

And depending on location (as mentioned above) you can use that to attract buyers who will pay extra for that.One goal is to do this for rental rehabs, too, and not necessarily only higher end rentals, either, but those are easiest. 

However, there are no rate adjustments during the 15 year period, which is definitely attractive.

People get very passionate when they have strong opinions, and I think REI attracts some real strong characters, so it's par for the course.By the way, if anyone is interested the seller wants time to think about my offer and wants to look at other offers as well.

It has a stable employment base with the state capital, the AF base and is attracting business.

I believe in the law of attraction, faith and all that good stuff so I allowed my mind to wonder what'd it'd be like to get my 1st deal on a $1M home and the type of profit I could expect from that.

what should i put on my yellow cards to attract the most attention!

They don't meet my requirements of good schools, good people, low crime, small semi rural towns.I'm not saying no good people live in Clayton, just that with bad schools and bad reputation which now includes Dekalb it's harder to attract good people to a rental there.