all I care about are 'Solds'what are or have been selling at what price.Obviously the MLS is one of the easiest ways to find this out quickly.I do use a separate service that only operates for my particular county and they access all the records and compile the list for me.

there are 3 meters on the property and 2 furnaces i know off. i'll contact the agent tomorrow to find some more specifics about it. im not sure how the 3rd aprt operates. its an add on. butt anyways this has potential which is exciting.

That's a usual and customary basic real estate approach to share title interests while operating and phasing other title holders out of ownership.

This is usually how Litton operates.

Since Lenders do not own the property and simply operate within parameters dictated by the investor holding the paper, you can sometimes make a connection with the negotiator on a more personal level by taking a few moments to thank the them for their assistance .

The fact is that throughout the Unites States, operating expenses run 45% to 50% of gross rents.

I would strongly suggest that you learn about operating expenses and cash flow BEFORE you buy anything.

Don't let yourself get scattered, it is really easy to be snowed if you do not understand the market within which you plan to operate.

Furthermore, you stated: I would not do it because of the potential liability for my client and myself is too high.You are certainly entitled to your opinion and how you operate, but that again is in defense of an agent.

That is just not the reality and if you choose to ignore the other expenses, they will bite you smack in the face once you own it and then the reality will set in that you overpayed.Using the most liberal operating expense ratio possible (37%), your annual NOI is $128,520 and at a 10 cap, makes your best offer $1.285 million (which I would not pay that much personally as I believe you would be overpaying)