Would love feedback on a recent short sale I saw because there is something off.  

If you round out the complete picture here you should be able to get some detailed feedback and options. 

Emerging market with positive future. 

Hey all, So I would like some quick feedback/review of a deal I have worked out, just to confirm it's a good buy and that I am not missing anything.  

Even at 175k with 10% vacancy @ 2200 a month you are break even with a management company and positive cashflow of $275 per month if you manage yourself.  

If not, then move to step 4.Step 4: After stabilizing the cashflow/property, prepare your personal financial position to allow for you to buy out your partner and continue on your own moving forward.Step 5: Find a bunch more deals and rock it!

Knowing nothing about your current financial position except that you think you can buy a 300k property, I'm going to presume you have 70k liquid and making 78k per year (.35 dti ratio for 2000 mortgage, taxes, insurance and 250 association fee).

That wouldn't be bad at all.Thanks for the feedback guys, that is exactly why I posted the question.

I would love any advice or feedback from anyone who has used them. 

And of course the undisputed king - positive Cashflow.