I think Mike actually has the right idea and that is to pull these gas furnaces and put in electric baseboard heating.

You can use Realtor.com to pull MLS listings of rents anywhere in the country.

Or is your realtor pulling the comps?

How can I pull that off?

Based on the comps the realtor pulled, the price per square foot came out to $54.

Personally, if the property cashflows positive I would do the deal if I liked the area and the property does what I want it to do (IE cash flows good, or has equity to pull from for other deals, or ready to flip with minor work) Have you considered using a 30 year note instead of a 20?

If you have the cash, I would suggest (after seasoning of 6-12 months - check with lender) to pay the cash as you have then do a refi loan (pull the equity out up to 75%-80%).If you need more help with this, contact me and I will put you in touch with my lender.

Pull the corncob out of your rear end and lighten up.

If he accepts, he closes the deal with his financing and you get your fee (or some wholesalers get their fee up front).4) Establish a marketing plan to find/obtain motivated sellers.5) At this point it is your job to match the sellers with your buyers.All the info above was pulled directly from Mike's post.

Hell, that is how I was pulled into this deal.