He asked me for numbers, but I have no idea what would be equitable for something like this.

Unfortunately, we have several homeowner clients who bought with grand ideas of making lots of monthly income right away, who took the advice of a realtor wanting to make a quick commission. 

🤷🏽‍♀️✨I typically wouldn't reveal the address for obvious reasons but in this case, I didn't have many options since I only have one interested buyer (good or bad idea)?

I would love to connect with you and share ideas and goals.  

These questions were helpful for me to think through when scaling in this business.Aside from that, it is essential to learn how to properly underwrite a syndicated deal..much different that a straight up acquisition.

Would be nice to contact in person and share the ideas further.

Good idea?

@Blake Albertson start the eviction process.Recommend you hire an attorney as you appear clueless how to manage a rental property.Hire a PMC when it's vacant again and learn from them how to properly manage a rental.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If you know any appraisers, you could try asking them to get an idea.