Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

Additionally, when looking at cap rates, people often compare them to interest rates.

As mentioned unless you are extremely experienced those throwing offers out there to see what sticks are typically wasting peoples time.

These reasons are pushed to "the regular people" real world wealthy people I've see don't worry about it.

I want to understand how to structure the finance terms.if for example the house is on the market  for $200K1. how much do i ask for down payment2 going interest rate?

And make sure your CPA really understand rental properties and has rental properties of their own.

I understand you're a realtor, but this sounds like an extremely niche property.

Us landlords just love the people making lots of money that dont believe in buying.

People aren't that dumb, they can see the potential.

What follows will probably sound somewhat pessimistic - but I put it out there for your consideration...Understand that your journey will be a long one, as real estate is usually not a get rich quick game.