Whether its a perfect solution or not is debatable, but it is indicative of how the market values homes in the area you're looking to purchase in.As Bill said - it's pretty common for the tax assessor to have incorrect sq ft information.

I'd love to get your knowledge.Studying is great (feel free to check out my website if you're interested in rehabbing), but eventually you'll need to get out there and gain some real-world experience...and you're going to need to devote some time to that...When you're ready to start getting real-world experience, I highly recommend finding a successful investor doing whatever it is you want to do, and offer to work for him/her for free for 6 months -- even if it means getting coffee, doing errands or whatever -- in return for them training/teaching you.People think it's perfectly reasonable to go to school for many years to learn the ins and outs of their trade/career, yet can't seem to fathom spending 6 months devoting their time interning for free to gain real world experience.

The chain needs to be perfect from start to finish.

I have perfect credit and make good money.

You have a perfect opportunity to place this transaction in self-directed Roth IRA for tax-free growth and withdraw.

I don't require a tenant to have perfect credit.

There are a ton of cheap properties there that are perfect for the buy and hold/cash flow investor.

I thought it would be the perfect situation for me to get into real estate.

Also, if you type in "Notes" in the search bar...that should keep you busy and educated for a while. haha.BP is the perfect place to start a great network...which is vital to a successful REI business.Best of luck to you Brian!

This is the perfect time for you to "be real" with her and simply tell her that you, personally, are not in a position to give up on the monthly rent amount.