If you pay something between current and future values, you still have good upside potential.And with your limited experience and perhaps limited resources, your friend's willingness to give you seller-financing at favorable terms might be exactly the opportunity you need to get started in RE.Having said all this, I must say that I did not actually calculate with your numbers for NOI, cap rate, etc.

Some are strong in double closing, while others are not.You may need favors - you don't want to be always asking the same title company to pull a quick title on a property your thinking about purchasing.

It works out nicely in your favor.

I also have friends here that are interested in rentals so I may wholesale some to them as a favor.

But the fact its cheap to copy digital data doesn't change the ethics.A recent ruling favors sellers of used software.

Rather than run a second ad, he decided to just show the nicer unit to the tenant prospects that he observed to be more favorable, and not show it to those he deemed less favorable.

I only get this if the brokers and agents are capable and williing to quote, unquote bend the rules.Just make sure they bend the rules (as far as their rules are concerned) in your favor and not the banks.

No matter what the upside- you better buy this sucker as if the market will be harder to get financing, CAP rates will continue to bump up, and banks will continue to look for more favorable debt to value ratios... without the income increase you would bring some serious cash to the refi...

The HUD inspection report looked favorable but after the house set on the market for almost a year, I found out that the roof needed replacement, the plumbing had to be completely redone, the septic tank was bad, A deck was unsafe and had to be removed.

How skilled they are or how much they care about your particular condo units is unknown.I don't know if you have any real options that work in your favor on this particular investment.