If you're going through a realtor to purchase it that realtor should be giving you a discounted listing on the resale so that should save you a % or so.If you want to PM me I can comp it for you if you want another set of eyes on it

@Abel Rodriguez Make sure you know what's involved with Sec 8 rentals.

Also I specialize in finding off market deals, so if I find anything meeting your criteria, you'd be the first set of eyes to look at it.Thank you sir

Kerr - thank you for helping me - having a second set of "Experienced" eyes looking at an opportunity helps to reduce the "Fear Factor"

So it is like a car transaction in terms of title.But based on the integrity of the numbers involved it should be treated like a real estate transaction.

So I’m diving in with open eyes and open mind.

Gastonia although it does show some great looking cash flowing properties it is a bit far away from the major colleges.You do have a great point about networking, it helps to get deals before everyone else gets an eye on it.

In the eyes of the law his slate is cleared.I would not close until the tennat is evicted unless this is a once in a life time deal.

Not a great deal through my eyes. $300k out of pocket for $700/month and very little equity when factoring in what it would cost to sell.

Where I can find those tax amounts from an independent source (read: not involved in the RE transaction) in order to analyze the deal?