BTW, I ABSOLUTELY WOULD NOT tie up the property in contract if I am unable to get the seller to agree to a well below market price that would be attractive to an investor.

An option conveys an equitable interest.Tenants can cut grass, clean, do you really want them changing a HVAC filter and putting it in backwards?

I have already brought up the variance in below grade vs. above grade sq. footage and we will be running the comps together until I can recite them in my sleep.Mark Ferguson I too think this could be a great deal, but I think with the excellent advice from my personal REI mastermind, I will be re-evaluating the deal and plugging in some new variables.

Sounds like I may get something out of this - use my filters.

My issue was that if I were looking for properties, I'm looking at something BELOW market value.

When the police department intervenes at a gathering which constitutes a nuisance under this article, the premises ... shall be posted with a notice stating that the intervention of the police has been necessitated ... the date of the police intervention, and that any subsequent event within the period set forth below on the same premises, which necessitates police intervention, shall result in the joint and several liability of any guests causing the public nuisance, or any persons who own or are residents of the property at which the public nuisance occurred....

Depending on the cash flow of the rental property it looks like on a monthly basis it would be cheaper for us to rent as the cash flow would off set the rental payment to below what our payment would be for buying a house.

The plan is to keep the rent right below the next hundred ie if market is $1050 we will advertide for $975.

Your property will not cash flow below a rental payment of $1,000 per month.

That includes possibly selling for below market value, thereby getting a good deal for their buyer and collecting the entire commission.