Is the seller going to subdivide them into three lots?

I started thinking about Memphis because I know there’s a lot going on down there now and also it’s just far enough South where a lot of exterior work can be done year round (my contractor mind thinking).In January I plan on spending time in those three markets meeting people in the know (I hope).

In other instances it is best to mix up three methods and compare the prices thereof.As a newbie investor I have begun to use Zillow, but it doesn't seem to be reliable. 

I could use your input on a propertyThe house is a 3/2 1367 SF Singe family in Union City, GAThe owner is asking 60,000 my ARV is 86,200The unit is in good condition and is currently rented for 750.00I checked Rent O Meter and there are three properties on the same streetrenting for 1000+I was thinking of a counter offer of 37,500 applying a 2% rule on thecurrent rentWith a max offer of 50,000 applying the 2% rule on potential rent based onthe rental compsMy question to the group would be is my logic sound on the counter?

There are three property management companies I am looking into right now.

@Chadarius Woodears, I would recommend your first goal in real estate be to purchase a multi-family property (preferably 3- or 4-unit for better cash flow), live in one unit, and rent out the other two or three units.  

They would like to have a three year term on my investment.

Do you still "play fair" and wait the three more days to show it to Person #1?  

(Some landlords assume that interior paint has a life of three years or more.)Length of stayLess than 6 months6 months to 1 year1 year to 2 years2 or more years Deductionfull costtwo-thirds of costone-third of costno deduction Using this approach, if the tenant lived in the rental unit for two years or more, the tenant could not be charged for any repainting costs, no matter how dirty the walls were. 244

(There are actually three entirely different sets of wonky calculations, depending on the exact situation, that I will not bore you with.)What you need to know, however, is that if [rent * 75% - PITI] works and yields a positive number, and if the home actually makes money, and if you haven't lied on your tax returns, then the wonky calculations that we do will not throw you off - and in all likelihood will actually improve your DTI.