Or my assumption would be both

It's an assumption, not a rule.Go deeper as suggested, expired listings, you can go back a year and some may still be interested in selling.Much of this you can do yourself, just watch the public side of the MLS, it should have the listing date or the date it hit the market.

Here is the situation.  The home owner has an owner financed note remaining of 90K.  Minimal to no repairs.  ARV 185,000.  Her note balloons or expires in 2017.  Set up in 2012.  I suspect it was not done to frank Dod...

@Bob Malecki - Would love to hear any thoughts or suggestions or more insightful or sophisticated or experienced ways to think about this, but I have to make some assumptions about all those variables and the math tells me it's better to hold in personal name and protect with insurance than to take options 1, 2 or 3.  

They will ask you great questions about your assumptions, share of their experience, and call you out on any BS you might be telling yourself about the profitability of the deal.  

I had joined Broward and have really been contemplating going to their event on the 4th but it really seems like just a big sales pitch judging by the e-mails I have received (I may be WAY wrong on that assumption)Thanks for the info!

@Charles Socci too many assumptions on your part... tenants aren't served in many states, just the owner.

I then plan to place offers based on calculated target price, and through the inspection period verify my assumptions through Contractor and PM walk throughs.Below is a recent listing that I'm contemplating making a low offer on based on a walk through yesterday, and would appreciate any feedback:Property is in a C+ area (For those Metro Detroit investors, West Dearborn), and is Bank Owned. 3BR, 1.1 BA, 1,164 Sq FtAsking price is $64K.

You have to be as solid as possible on that assumption.

I've also seen that includes the assumption and costs of financing.