Again, I do better for me personally when I do some digging.Warzone properties are 10-20k, unless you're loose with a checkbook and from CA or another high priced market. then you can pay double or more from a questionable TK or wholesaler, but you'll still get about 500 rent.Go forth and profit.

Looks like a loosing deal.

But in general you want to stay in stable areas that won't loose value.

This deal makes no sense since you'll be loosing money every month. 

This may avoid the need for advertising too, to keep me within the legal bounds.

i wouldnt risk it... it can take upto 9 months ++ to evict her, so the two months of security will not do anything also dont forget what if her husband losses his job, plans to skip town, she looses her job or the cost of childcare when she is at work. 

First she acknowledged loosing security deposit and first month rent, but now she is asking for some refund.  

If Zillow is using a loosely targeted algorithm to value the property, Zillow will probably overvalue.

HI @Tim Johnson nice job hunting down the information on that property, and since you have all the info you need at the moment the next step would be to call the bank and see what their asking price would be to unload the property, some challenges could come up if it is in default they may want a large chunk of money right up front so  be prepared to hear that, also need to make sure to ask about the title to ensure there are no more liens against the property that you may not know about, on a side note they may negotiate with you and just let you assume the old owners terms/loan and walk right into it, but at this point you will not know anything until you call them,  remember you have nothing to loose with making the phone call, just make a list with all the questions you may have and dial. there is the possibility that they will not know everything but remember banks do not like to hold property and may work with you on a good deal to get it off their file., best of luckJay,

Hi @Chantz Ireland, i would look into the county tax / other public records to find the banks name/number and the next step would be to call the bank and see if they would like to unload it and what their asking price would be to unload the property, some challenges could come up if it is in default they may want a large chunk of money right up front so be prepared to hear that, also need to make sure to ask about the title to ensure there are no more liens against the property that you may not know about, on a side note they may negotiate with you and just let you assume the old owners terms/loan and walk right into it, but at this point you will not know anything until you call them, remember you have nothing to loose with making the phone call, just make a list with all the questions you may have and dial. there is the possibility that they will not know everything but **remember banks do not like to hold property and may work with you on a good deal to get it off their file.best of luckJay,