GO CELEBRATE EMOTIONS WHEN YOU SCORE THE BIG PROFIT AT THE END OF SALE OR REFI AT THE BAR etc etc lol.The bank will go lower, they always will go lower.Banks are down right retarded about money when it comes to an REO - they make bad choices financially from our perspective looking in, but that is what creates opportunity for people like us.A good deal......... depends on the ARV and trends in that area (comps) I don't know any markets in Illinois but nationally in compact areas if you can still get it bought 25-30% below the comps then that seems to be good.

If you have a good answer to both of those questions, I think you are in good shape.

There are so many options, with a half window or oval or moon shape on top.  

As far as our finances go, we are in good shape.

Also involved in a personal residence you would make different choices on how much to invest into things like fixtures, flooring, paint color/quality etc etc etc vs what you would choose for a rental which most often are less expensive materials and really not custom in any manner shape or form, so your "home" for a couple years might have all kinds of more expensive inputs and then end up as a rental unit later which may or may not be a good use of money after all.

We were contact by a seller with a 3 unit building in decent shape.

Would like to hear what vegas investors think about this trend here.

Have you been following the current 2 trending threads on Wholesaling?

In no particular order, off the top of my head: landlord-friendly laws, no rent control, population trends, total population in the metro (I won't invest in super small metro areas/towns), unemployment rate trends, vacancy rate trends, income trends, rent trends, economic trends for the metro, weather (as it pertains to potential expenses - i.e., I don't have to worry about clearing snow from a parking lot in Scottsdale AZ), purchase price, expected ROI, how fast you can evict, insurance rates, and property taxes. 

If they were paying and their apartments were in good shape they got a pass until they caused me an issue.