Hi Mo, If you narrowed down your market to a few markets and are pre-approved and ready to buy, but haven't decided on the exact market yet because you want to get a better feel for it, I would recommend starting to build your team.

They are open to being bought out of the property at $180,000, but that would have to be paid to the estate in a lump sum at closing.I haven't been to the property, but the pictures show that there is a mobile home and 2 barns (all falling apart and need to be demolished). 

3rd federal savings and loan might do it they are based in OH however I think they want to be first loan holder so it would need to be paid paid off free and clear also I was told they have a heloc that they will pay a portion or all of the closeing cost I used them on my prime residence vary good rates however the rep I worked with was very vary slow with responding and pushing things along good luck I will be doing this same thing on 2 rentals soon so be sure and post what you figured out thanks

If you want good margin,  I would look at the pre-foreclosure market. 

We ran over schedule, went over budget , I paid additional carrying costs every month, and learned about significant issues later than I should have.

If she fails or refuses, start the eviction process.If rent is paid up and your legal tenant has some belongings in the rental, then I would probably be kind and give all parties until the end of the month to vacate, but I would not negotiate more than that.

However, despite better property conditions, Class A can be sensitive in times of a recession if high income earners suffer from increased unemployment.Class B and C properties tend to be bought and sold at higher CAP rates than Class A, as investors are paid for taking on the additional risk of an investing in an older property with lower income tenants, or a property in a lower income neighborhood.The property class investors choose can have a great deal of influence on the stability of an investment over time, as well as its growth appreciation.

Rent free, while mortgage is paid off by tenants How did you find this deal and how did you negotiate it?

Yep I just paid taxes It actually felt great in this instance, like I was a contributing member of a bustling society, or something:)

Sales price: $900,000Seller finance: $400,000 / 2 year ballon / 7% interest rate / interest only monthly payment: $2,333 / no pre-payment feeEstimated monthly income: $9,300 / Annual: $111,600Electric separated - water $450 per monthProperty taxes: $16,700 (with property value assessed)Property Insurance: $6,300Renovation Repairs $150,000I anticipate the Re-fi appraisal to come in at a conservative $1,150,000.