My goal is that the seller gets 97% of appraisal, not the customary 87 - 92% of appraisal, after factoring in agents fees, closing costs, sellers concessions and possible price reductions.4.

My first thought was that I would have to paint it a neutral color (probably white), and I made my offer with the cost of painting factored in.

2 important factors for a good rental property location is being close to public transportation and shopping.

It doesn't surprise one bit that turnkey sellers list bogus ROI's that don't factor in minor things like vacancy (high in memphis) and maintenance expenses!

Based on those numbers, this looks like a good deal:price$129,000 down25%down$32,250 loan$96,750 rate5.25%term30 years payment$534.26 rent$2,300 NOI$1,150 cash flow$615.74 per monthcash flow$7,388.92 per yearcash on cash23%But there are some other factors in playFirst, what work is needed?

That will be a drag on housing prices because it limits demand.Local factors may come into play.

So if your credit is poor, it might be a factor.

Those 2 factors are why I believe I got such a good deal.

I'm sure there are so many factors that I'm absolutely clueless about (taxes, crazy tenants, property management, etc.).

Nathan - Funny . . . here's a price list that a friend of mine has implemented -- maybe I should integrate it into the site :mrgreen:How Dare You!