The market assumes there is something wrong with the property and that the banks are motivated to move the asset.One strategy you may consider is to get the property under contract near a reasonable price so you can do your due diligence in more detail.

I'm sure I'll get plenty of people telling me I'm doing it all wrong to begin with but this has allowed me to bring in the money to correct a lot of my past mistakes so just looking for advice on this please and thank you!!!

To me that is to be expected....................................just read through listings and prepared summaries and you soon realize expense numbers are incomplete, out of date, or just plain wrong, NOI is always wrong, so why would you expect a correct cap rate?

General dictator, you do as I say, You are wrong, I am right3.

I may be wrong on that though.

Also a lot of the published data you see is wrong.

There are limits on gifts each year, so you don't want to get hit with a big tax bill for doing it the wrong way.

That is very vague.in your experience, what are some things that could potentially go wrong with this with the assumption that the tenant has lived there for 6 years?

Am I looking at the wrong loans?

Sorry, am I reading this wrong?