Adjustments are made for financing, condition of sale, date of sale, physical characteristics and location to indicate the value of the subject.

Betting on appreciation and future rent increases is simply speculation.Mike

There is no way to determine how much a broker/lender earns because as the other poster has indicated, there are several ways for a lender to earn his/her livelihood...Junk fees, YSP and SRP are just a few ways lenders generate income per loan...Further complicating this issue is the current disclosure laws in place; brokers are required to disclose YSP, while lenders do not have to. 4.5% is ridiculous regardless of loan size; I bet your current broker loves you!

The previous owner of this duplex was a disgruntled landlord that literally couldn't sleep and was physically sick due to the terrible tenants she had.

Think about it like this...you could go to university for years to learn complex studies like rocket science, astronomy, quantum physics, engineering, surgery.

That being said, an experienced realtor will be your best bet in finding something and actually buying it.

There is nou doubt your best bet will be with the farm credit system.

He then interrupts me and asks me to tell him of one case where roaches physically harmed someone.

Conditions Precedent: The obligation of the Purchaser to purchase the Property will be subject to satisfaction or written waiver by the Purchaser of the following conditions within 60 days after execution and delivery of the Agreement.Review and approval of the documentation concerning the property;Completion of satisfactory physical and environmental inspections of the Property; including suite inspections.Completion of satisfactory due diligence search and examinations;Satisfactory review of the title of the Property;Satisfactory first mortgage financing being arranged for the purchase of the Property;Satisfactory second mortgage being provided by the Vendor for the purchase of the Property;7.

I would bet that this property will not cash flow.