If you are using a low down payment, it's not really realistic to expect to be cash flow positive.

You’re not doing him any favor by paying him whatever low ball amount you’re thinking of....he can let it go tax sale and probably get $150k.

In regards to financing; If you are using a low down payment, it's not really realistic to expect to be cash flow positive.

You can start to Farm and door-knock and mail a choice neighborhood with a great sales price and turnover rateThe low-hanging fruit is ALWAYS going to be For Sale By Owners and Expireds. 

Cash flow is very low and a vacancy is the loss of 100% of income. 

Purchase price: $310,000 Cash invested: $63,000 Sale price: $390,000 Bought low, rented for 15+ months and sold high.

Stoves abound at HD, Lowes, Sears etc..

We strive to keep this event low cost and high value (with no selling whatsoever and all proceeds going to charity).

That seems incredibly low–does this mean that they've paid off the original mortgage to a point where they own 98.2% of the home?

It looks like they've sunk to all time lows.