Here are the basics, please let me know if you have any additional questions and I’ll do my best to answer: 227k purchase price, 9 units, 4800 gross monthly rents, needs 60-70k in repairs, 350k ARV, the possibility of additional income from an on-site coin-op laundry facility ($250-300)... those are the nuts and bolts.

@Jemel Cooper sounds like you caught a big fish on your line.

I'm a former contractor, so this doesn't scare me, but I talked with the REA and he tells me he's got an over asking offer O_o So I'm thinking he's just fishing.

No I’m not joking and real estate is what caught me like a fish on a hook.

OR, they could be baking cookies for the scout troop, or selling fish dinners for the church occasionally.

There's right around zero chance you'd get in trouble for that since the IRS has much bigger fish to fry. 

I don't want to come off as begging or this little fish that no one wants to notice either. 

Now if your in an investment were you think there is going to be some major appreciation or up side that's another kettle of fish all together..

A lot of the nuts and bolts of that is title 

I was sold the idea that probate were like fishing in a barrel, an uptapped market.