(Too many want to be investors take too long to make an offer or close a deal)When you get leads - I will be glad to do a 3-way on the phone with you - I'll ask the questions - you listen and learn .Every property offered is or could be a good deal -The only thing that make a property a bad deal is PRICE - every property will SELL when the price is where it should be!

I think NC stopped their state tax deduction, which is too bad.

That's why I sought her out, to see if I could potentially make a quality connection with someone with actual experience.

So per the original poster, is the first property a bad deal as it doesn’t meet the 2% rule?

Ashley - I don't know if this is a good deal or not - but I did respond to that listing - it looks bad and empty - There could be lots of equity or lots of stress - I like in and out in a short period of time.In my opinion every property offer is a "deal" - Every property offered is or could be a good deal -The only thing that make a property a bad deal is PRICEEvery property will sell if the price is rightTime on the market and price (reduction) are close cousins -Price softens as time moves on and motivation and reality is realizedEverything will sell at a price -The first thing I'd want to do is get the history of the property - how long on the market, why is it vacant - what's the reason for selling -What is the current mortgage balance - is it current or in the arrears - What other liens or obligations are on the propertyHow many owners - decision makersWhat is the commission - will agent splitAre there open to a reasonable and creative offerDo they want any profit or to just get it out of their nameCan down payment be paid over timeHow much paper with they accept - delayed payments - principal mortgageAshley - since you exposed this property to all of us - You should see if you can get the answers to those questions above - and play the game - WHAT WOULD I OFFER?

This will boost my income quite a bit, but I understand that switching jobs is a bad idea when you're trying to get a loan.What would you suggest? 

I mean when I visited the city and the area, I didn't feel like it was a warzone or anything, but you could tell just the house quality is just much different than other more remodeled homes and cities. 

I want to create a residual income so I can spend good quality time with my children! 

Depending on the location you could probably get a reasonable hard money loan since only 30% would be ahead of them so not a bad deal.

I realized in doing this post that if Zillow were to actually utilize the data that I and other agents have given them that they could increase the quality.