Or is it just better to knock and face the disgruntled homeowner.5 - Does an investor just line up credit first and then go into the wild.6 - If the credit lined up via a bank/credit-union is for more than the price of the home, does it still require your own 20% down.7 - Duplexes/Triplexes/Quadplexes don't seem to be listed very often on many sites.

HVAC/Duct work is a wild guess

That alone makes us wildly different. 

I've read some blogs and done some research on repairing termite damage (particularly replacing the entire sill) and unfortunately the feedback varies wildly from "absolutely walk away" to "it's not that big of a deal". 

If you want that you need to come out to the wild Wild West

Some of you are making it sound like the Wild West and no signed agreements matter.

I ran the numbers on my own and I got wildly different calculations.4 units are 2bd/1bth and rent for $5501 unit is 3 bd/2bth and rents for $675Total rents of $2875Owner pays some utilities at a cost of $8,800/ yearHere's what I got running it with the BP Rental Calculator (as self-managed):-Purchase price of $250,000 (I did estimate of $300k ARV price)-25% down: $62,500-Amount financed: $187,500-4.5% interest: P&I of $1,042.19-Capex: 7%: $201.25/mo-Maintenance/repairs: 7%: $201.25/mo-Vacancy 5%: $143.75/mo-Property taxes: $191.67/mo-Utilities: about $733.33 mo-Insurance: $220/moNOI of $14,209Income $2,875.00 - total monthly expenses (including debt service) $2,733.10 = $141.90/mo cash flow and 2.64% COC with a purchase cap rate of 5.68%.I told her I must be missing something, and she asked if I “had the NOI at $21,662?”

Thanks Sean for commenting.. these threads seem to go wild until we actually get Reined in with the actual laws of the land.. although I like the overage play.. but you always run the risk that the day of the sale there is not spirited competition or worse there is  Eh Hum Collusion to bid on the steps.. 

Jim Cramer among others are predicting 1 million per coin so get ready for a wild ride. 

be sure to calculate all costs, so you know what you'll actually haveget your home ready and put it on the marketonce you get an offer, counter with a higher deposit for protection and a completion that suits your needsnow go into the wild and find your new homeonce it is found, secure a completion that is before yoursif the buyer of your home bails, you'll have the deposit as some sort of security (on a 300k home, 15k is reasonable)Alternatively, you could simply flip a few of those steps.