Barton, hope you find what you're looking for - education and deals!

Hi GaryI would set a purchase price based on today’s figures.

I know that real estate can leave a bad taste in your mouth if it bites you the wrong way but here's to hoping that you find the education you need to move forward confidently! 

Say a $50,000 heloc will be assumed one day to have a $500.00 a month payment even though today it doesn't since its interest only and at a lower rate than say a year from now when it rises each time the Fed Reserve raises their short term rate.

If rents were to be say 80% of today's market value, and you're breaking even, then you're probably fine. 

This appears to be a classic case of an agent not educating a buyer on what a short sale entails.

Today my investors stay with me because of my ability to find them deals, my willingness to work as hard as needed, and to take their projects to completion.

In today’s labor ,materials and Technology have placed a minimum on what costs are today.

Just my 2 cents...and I'll fully admit I'm only educated enough on this topic to be dangerous...definitely not an attorney myself...but I haven't received an answer I'm comfortable with from anyone on it yet either. 

Going to put an offer in today.