I see the risk factor in investing in JC compared to Binghamton, that's why I feel staying close to the pharmacy school could mitigate some of that.

O'Diah I think development is quite advanced investing, & I'm trying to see the benefit in your idea.

Realtors often get jealous when they see the types of assignment fees wholesalers are earning from their efforts.

You can see the expressions if you say "Yes we have one in New Britain."

I have 3 family/friend potential lenders but they are the type that don’t see the potential in real estate, but I know 2/3 would reconsider if they seen it done first hand. 

Since the governing MLS in the area (some are owned by the local Realtor associations and some by private parties) don't have the listings, many of the local agents don't see the listings and thus competition is reduced (so the argument goes). 

My advice would be get a professional to look into this and leverage all the quotes because the seller is going to know even if you back out the next person is going to see the same stuff pop up on inspections and know if will continue to haunt them in the selling process.

I do invest in the stock market but I see the HUGE benefits of long term rentals. 

The IRS is going to see the $225K difference between purchase price and FMV as a gift and you will owe taxes on it.

@George TiglianidisI would love to see the picuture but dont how to post either....maybe someone else will stop by and show us how to post picutures....