Put together a detailed package and be accurate in your rehab assessment.

All progress, therefore, depends on unreasonable people.”George Bernard Shaw

“Success is the progressive realization of a worthy goal or ideal.”Grazie Mille!

Also, no real management companies that I know of if you're seeking to have someone manage it.Although some units are rented, I would recommend assessing the demand for rentals in this rural area and how long it would take to find a renter at the price point in your area.

Special assessments or HOA or city related ordinancesAlso, if you did the math, and based on my personal observation, land lording as a means to financial freedom is very long and tedious unless you have some other form of income to break the cap rate on the property, or have some really innovative way to acquire property (but this often in itself needs some level of capital).If you have very little capital, I would save the money (i am generally risk averse), and use sweat equity, like being a realtor or wholesaler to build the funds to invest, then combine your knowledge with things like options trading is where it all comes together and makes sense. 

I usta go to the ones in Davidson County and record the opening and closing bid and measure the sales price as a percentage of the tax assessment.Some of the junkier/average stuff properties typically sold for 15-25% of assessment.

My topic involves medical sector financing and I was wondering if you could help me find information regarding how a bank assesses discount fees when purchasing portfolios.

As Bill mentions in a post staying simple is just easier.The seller in question owes 52k of the 70k its was previous assessed at.

Looking forward to connecting more with fellow investors as time progresses.

Price still seems a bit too favorable and makes me think something is up with the property, like an assessment or major repair needed.