Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant.

Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant.

A break-even duplex in CA has the potential to have high cash flow in just a few years due to the following 1) low prop taxes increase of 2%/yr 2) low turnover due to rent caps 3) 7-10%/yr rent increases 4) better tax shieldingThe real question is whether you’ve underwritten the duplex correctly.

Courts are extremely friendly to tenants, give them numerous extensions, and bend over backwards to help them, so it's not uncommon to hear stories of tenants living for 6-12 months in an apartment without paying rent.  

When you're talking 100+ acres, land owners generally know the value of their land, so you're not getting any crazy low deals, and yes, they want substantial money upfront.

Should we try and do an easy flip that is a low risk, maybe use a turnkey or something?

Saving around 10,000 would take me twos so if I'm able to get by with a lower down payment I will gladly do so..I understand  concerns that the lower the down payment  the bigger your mortgage and that banks offering low money down loans partly caused the recession....

I read an article from GNAIR a month back that inventory is at a 10yr low and prices are up 10% over last year.

And as for the house --it's in Quincy--south of Boston --walking distance to public transportation --right in Quincy Center--there is a major development under way.Current Rents $39.3K a year (probably a bit low still)Taxes/Insurance $11K a yearWater Sewer $1200 a yearI've never had a vacancy in 10+ years but accounting for 5% vacancy this gets to NOI of $25.1K per YearAsking Price:  $630K.  

My specialty is buying distressed property at a low value and then reselling either wholesale or retail.