If it were a pro photographer I'd ask them to come out to redo on their own dime as this is basic and worse than taking a picture of a room with dirty sheets and comforters strewn about the bed.

I am finally situated to get into REI but in all honesty, I am scared to death!

These homes are typically three families with 3 beds and 1 bath going for $900 in rent.

One being a two family home with 1 bed 1 bath units with an asking price of 179k.

They want to sell me to death!

Pretty standard apartment inside and out.Rent in the area according to rentometer for single beds is $640 so it's on the low side and with the old original appliances and cabinets and stuff, has upside potential.I was thinking of offering 380k to start and subject to financing, with inspection contingency, request a schedule e (he showed us numbers from his accounting software already but to be safe of course,) and estoppel certifs.Income 52kExp 14kNOI 58k~Rents- 525-575My broker said he'd go 390k max but he said he thinks it would be a good buy to hold for cashflow and rehab units for higher rent. 

Let me know what you think of this deal...it's a tiny bank owned 2 bed/1 bath cottage.  

I am looking to turn a commercial property in a downtown area into 1 bed/1 bath apartments for either vacation or monthly rentals.

The surprising thing is that most of the time they buy at a lower rate of return than the local investors will my guess is that they are scattering their investments into several regions hoping they all cant **** the bed at the same time? 

A nice hotel is $600/week, serves breakfast and has a pool.My rental houses are the equivalent of a nice hotel, with a kitchen and washer/dryer; at the price of a cheap motel. 22 houses, 82 beds.