After giving this some thought I'm not sure what the attraction on this "deal" is.

Marketing to attract motivated sellers; and marketing to build your investor buyers list.

These buildings are generally all walk up, have narrow stair way's making move in and move out very difficult, and just do not attract best tenants.

I just wanted to know about the winter-time and if I should lower it to attract a tenant.

It is one of those markets that seems to have minimal swings, which is extremely attractive to a buy/hold investor like myself.

I see a lot of people say they have a website to attract sellers, is this necessary before your first deal?

My next step was to start making the front of the property very appealing to aid in the attraction of new tenants and the old tenants could see the attempt to start making improvements.

Maybe this has to do with the property not being in the condition to attract a good tenant OR improper tenant screening.

UPB unpaid principal balance.Yeah I think you'd need to be more in the 50K range to make it attractive just because you'd need to assume it will default and you'll have to take the property back.So to build the info that more knowledgeable folks are sure to ask at some point.What is the interest rate and payment amount per month.Like I said I think the goal here would have to be to restructure the terms so that the balance is actually closer to what the house is worth so you mitigate the risk of them walking away.

They are very attractive and the price is right.