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She started at $229,000 and you told her most places sell for 5-10% below asking, so 10% below that would be $206,100.

PCR is nothing more than an idea of whats going on, the service company does them, and many times the contractors are idiots, if you have to turn everything on when purchasing one, to feel comfortable, the deal isnt good enough, it could range from a missing water filter, or several split pipes, to a bad fill valve or cracked toilet tank, if you really need to know, air test it, if you dont know how to do that, you probably shouldnt be looking at these properties. i havent hired an inspector in over 15 years, they are a waste of money for me, but I know construction and systems, the bast thing an investor can do is learn construction and the trades, at least enough to know what you are looking at and whats ok, and whats not, even is you dont do any work. sorry to be harsh, but knowing this stuff separates the men from the boys.

Jack Clough Investor/ Licensed Agent from Wilmington, DelawareMy original post (part 1) is below.

Which means it is WAY below what the market would demand.

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However, I needed the cost of living to be at or below national the national average.

@Amber Bennett, yes, because your payments will be lower, but only for deals where you cycle your money (fix and flip, BRRRR, etc.) not buy and hold.

I do this all the time. the important thing to remember is to make sure that all three offers are deals that you want.another important thing to remember is that with option one or two you need to be able to pay down the mortgage to below 80% of market value before you have to refinance.

Keep the cash flow positive, buy below market value and you should be in good shape, regardless of prices.