It was lower than the asking and the sellers initially were disappointed but when they saw their friends sitting for months and eventually a year they were real happy they took my advice.The fact is it costs money to sit on a property and it cost you buyers if you price it wrong...If you price it to low you will get multiple offers so in my opinion set the tone and price it aggressive and move on to the next deal.

As far as biggest benefit to RE investing another HUGE benefit in my opinion that is just as high up as the ability to leverage is the ability to actually have passive gains in the real world but be able to show a paper loss in the accounting world, again by the use of our friend called depreciation.

So in your opinion is this a good, fair or lousy deal??

I've been paid to take photos and video of properties for out of town investors, and to give opinions on what the rents might be there.

Definitely get involved in the wholesaling and rehab forum areas, because in my opinion the two require a lot of the same knowledge:1) An understanding of the local market2) How figure out ARV of a property3) How to estimate rehab costsThose are just a few.

I didnt find the correct place in this forum to post prospective deals (links...) so that experienced biggerpocket(ers) can give their opinion, is there such a category ?

Travis Sperr in your opinion do you think I will have issues down the road with this..

(you can check with your attorney for his legal opinion) Should anything come up down the road, that should help protect you.Also, before closing, do a walk through and have them sign off.

So total monthly payment, including utilities for one unit is 2,410.This deal sucks in my opinion but the assumable loan makes this slightly more attractive.

I guess this is possible however I'm concerned that he may open a can of worms regarding the other 2 liens and maybe the IRS will somehow reinstate those.Do I have reason for concern in your opinion/experience?