. ($9.5m was a drop from original $12.5m)My town: 29 units @ $1.63m all 1/1 at market rents; no remodeling since built in early 60s so not a lot of appeal to tenants.

I spoke to a Prospect broker today as well, the terms are pretty appealing to me as I have only two properties under mortgage, one being my primary residence, and the others free and clear.The terms I was told were:Up to 4 loans:10% downNo appraisalConventional underwriting guidelines 6 months reservesmax 45% DTIDidn't ask about lending to a LLC or S Corp.

I had read about bird dogging, which didn't appeal to me as much.

They're most likely all correct.I think it depends on what you have an eye for and what appeals to you most.

COA09-1020 NC Court of Appeals

It was a loser deal for me, appealed to the sellers but they didn't respect the listing agent, and agents used to giving full service still did it and got good prices in a slow market but several when it came time to look at houses were told by the seller they wanted to use a "real" agent to find their new home.

So maybe a 2 bedroom might appeal to them more.However, in other areas, you might have more established families with kids, in which case they will probably need at least a 3 bedroom.

You can still flip in other areas but the best way would be to another investor with tenant in place, section 8 approved, brick, warranty deeds, nice area and perform tax appeals to reduce property taxes.

Just explain to the tenant that you cannot allow someone to damage the curb appeal of the property.

It is their reputation maybe they can advise on how to re-write your listing in a more appealing way or where else to market the property.