I'm more looking for someone to show me how the #s work with this process.

Seems you are new and the seller(s) are old, sly investors, seems the table for negotiation might not be level. :)

Hey Matthew S. welcome to the site!

I look forward to meeting community members, and learning from their experience(s).Thank you,

At 5.5% 30 year fixed, your mortgage payment alone (P&I) will be $1,618/mo.Using the 50% rule: $1200 + $1600 x 50% = $1400 - $1,618 = -$218 Negative $218/mo cash flow.For more information on the 50% rule visit this link: The 50% Rule: How to Quickly Analyze a Multifamily Investment Property As a cash flow investment, no deal for me.This is why I live just a few miles from you, but invest 1000's of miles away :)

Serge S. it depends on what you mean by rental cycle.

James Lehnen I read in an old REI book(from the 80's!)

All comps are 4/2's but built in the 50's (not 1990 like the subject property).

You can tell that you're being tested at times by the buyer(s) or the seller(s) even the realtor(s) and banker(s) will push the envelop to see if you know your stuff.

My name is Adam, and I'm s new real estate investor in Colorado and I will make a couple KEY suggestions that were passed along to me...1.