Although im no way an expert or experience if i were in that situation i would go ahead and veiw the property just because from what the seller is stating it may be move in ready and not require not much of any repairs besides the thermostat (hope its just that and nothing electrical).if so you may get an investor to puchase just below retail.

I was pissed because I thought for sure it was going to be all scratched up.http://t.homedepot.com/p/Bootz-Industries-BootzCast-5-ft-Right-Drain-Soaking-Tub-in-White-011-7000-00/100389019/

Ironically, I would have cash flowed more with a condo than my end town home even though I bought below retail.  

I’m a CPA with experience in tax preparation for real estate investment partnerships and am currently a property controller for a commercial real estate property management company specializing in the health care industry.

looking forward to learn more....have to love this industry.

Getting started in real estate investing with an owner occupy multi-family is a smart way to go if you can generate decent cash flow.I would suggest that you start attending the local REIAs, Both Rarebird and North West REIA boast a group of really knowledgeable investors and it will give you a chance to network and learn about the industry.

I specialize in larger multifamily and retail properties.Also the forums can be good to ask questions or get opinions on a certain situation you might encounter or to analyze a property you are considering.

I've only just started and I'm falling in love with the industry.

I am looking to invest in the apartments and retail properties in the Northern California.

I am seeing the same in large retail complexes as well.