We can finance the build which we find is ideal for the bank doing the construction loan, they just take us out when the modules arrive onsite thus relieving their headache of how to secure their loan to a non-real estate module sitting in a factory somewhere.Feel free to message me and I can help you analyze this further.

The investment performance numbers don't work for me at above $360k and know that that is my rock-bottom number.Any tips on how to negotiate/counteroffer on the first seller's counter (this is my first OOS offer)? 

If you look at my previous posts you will find examples of properties I own with performance based on current values with 25% down and there’s little if any cash flow but you are making money. 

COC helps you evaluate how your property is performing versus your 401k.

@Mason FiasconeMason: I agree with the masses - the success of your investment will be predicated on the quality of your property manager and the amount of leverage you put on the property.If multifamily/commercial, run a model to make sure debt service coverage can handle stressed performance, and maintain a reserve.

We ended up withdrawing an offer because we want to be more secure before doing any of this.

In a way, this accomplishes what I understand to be one of the first steps of REI, which is to secure financing for a property.

I'm also wondering if you begin to feel better about the investment over time, and as you become more confident in the performance of the properties they sell you? 

The existing tenants are paying 650 (market is 900) and they have no security deposit or first month rent.

It all depends, on your definition of a “deal” and YOUR ABILTY TO PERFORM.