We also have pockets of great affluence and great poverty that often butt up against each (ie...Woodbridge/New Haven) through our little State.Great poverty usually translates to lessor quality school systems which in turn drives people with the means move to the more affluent areas in the burbs to put their kids in the better school systems thus keeping up or driving up the prices in burbs while flat lining the prices in the less affluent areas, the cities.

Let's see, you're rather new to this, you have a Realtor, the seller is in the RE business, telling you he doesn't have time for it, translation is that he knows more about it than you do, it could well be an overpriced dog, do your own due diligence, don't rely on a Realtor who gets paid to sell you the place.

You gain possession of the money, without having the bank in the middle of the process.For the record, 3% discount applied to a rent of $1030 translates to $999 :)

It just so happens that the 2% Rule typically translates to about 12% unleveraged return, which just so happens to be about what I look for. 

We will also set our payment schedule to be bi-weekly (or accelerated bi-weekly) which translates into 26 {smaller} payments per year rather than 12 monthly payments {which further reduces the overall interest paid}.These two small practices alone allow us to cut the effective amortization of our mortgages in-half during the first 5-year term with no *real* impact to our cash-flow.  

Funny how languages translate.

Although we had a lot of interest, it didn't translate into offers.  

Once all this happens I will have to translate this to cost and informed them if:a.

KW offers an excellent training program for new agents that readily translates in to investing.

There is a good website called http://www.globalpropertyguide.com/, that u can check to get add info about the country.I did consider investing in that country as well, but find it difficult as I do not speak their language, so much higher dependency of local people and their translation and overall a still unreliable stage.