You are not required to explain it to them or discuss it.TREC 535.16(c):(c) A real estate licensee is obligated to provide a broker price opinion or comparative market analysis on a property when negotiating a listing or o?

That meant the underlying mortgage was receiving advanced funds from another lender and that's a pretty secure position to be compared to an individual.A snap shot of called notes won't give you much but a warm fuzzy feeling.

While we always do that as a part of a specific property's due diligence we will add that to our third level research.I really like your idea of comparing maps with the different local pros, including the police.

I also agree with the others, that the rent seems very high compared to what you are likely to actually get.

Hit me up if you wanna compare notes, or get referrals.

With the tenants' current monthly payments, the property is bring in ~$3900 a month (and their rent is currently very low compared to the area).

I would then compare that with your cost of money.

Sounds pretty good for this area compared to 6% which seems to be the norm.

Where will they go, what will they find that is comparable, etc.The other thing I've found is that many sellers are hoping for me to commit to keeping their tenants.

Don't just compare interest rates, compare costs.