I could use your input on a propertyThe house is a 3/2 1367 SF Singe family in Union City, GAThe owner is asking 60,000 my ARV is 86,200The unit is in good condition and is currently rented for 750.00I checked Rent O Meter and there are three properties on the same streetrenting for 1000+I was thinking of a counter offer of 37,500 applying a 2% rule on thecurrent rentWith a max offer of 50,000 applying the 2% rule on potential rent based onthe rental compsMy question to the group would be is my logic sound on the counter?

I have moved and want to rent my old house out until market conditions improve or I might rent it out indefinitely. 

Most properties in Nebraska are built for the seasonal conditions we go through meaning we typically all have heating, A/C, good insulation, basements (for severe weather), etc. 

Most of the posts here are asking where to find contractors, vet them, or referrals, personally I think by giving these files to them but using them carefully will help you vet if they are flaky or not, companies or GCs that know how to fill these and can comply to this will be a bit pricey, but I am 90% sure that they are of medium caliber and will be reliable than your "2 guys with tools".Files Uploaded:CKCC Daily Sign In Sheet - MOST IMPORTANT DURING A FLIP CKCC Project Budget Sample CKCC TEMPLATE Payment Application Sample CKCC Invoice CKCC Conditional Waiver and Release on Final PaymentCKCC Conditional Waiver and Release on Progress Payment CKCC Unconditional Waiver and Release on Final Payment CKCC Unconditional Waiver and Release on Progress Payment CKCC Residential Improvement Contract - Rehab Contract CKCC Residential Time and Material Contract Notices After Contract Signing CKCC Certificate of Completion CKCC Quote Request Form CKCC Purchase Order FormGood luck and happy hunting!

Depends on the condition.

In my area I've been a foreclosed condo for $117,000 and the exact same condo model, same condition in the same building listed for $147,000 foreclosed also.

Just don't be scared off by the fact that a lot of the housing stock is not in the greatest of conditions.

Its a little outdated but in great condition.

You can sell for a much higher amount to them, assuming the property is in good condition, but it can be a hassle as you need to know if they are pre-approved, and the lender might need to do inspections and appraisals etc.

In my LOI it clearly states seller and it's assigns agrees to pay me XX percent commission AT CLOSING AS A CONDITION OF CLOSING and will be included in the purchase and sale agreement.Now what this does is gets rid of funny business.