I do that about half the time but one LLC has a name that just amused me, another is named after an internet protocol. 

Here in southern California subs can be miles away and hours in traffic.

@Emilio Basa I invest locally so for me I found it easiest to call banks that are local to my community and then expand to a 50 - 100 mile radius.

Albany prices vary depending on the area you look at and the prices are half of NYC.

I told them if they could meet me half way which is June 1, which I will give them half off on for June.

Do you pay weekly or half up front and half on completion?  

So i've started out with 50% of gross rent dedicated to expenses and the other half to cash flow and mortgage.

So for 6 months being half the year your annualized ROI would be roughly half of the total ROI.There is more math in there that i forget but i am pretty sure that is the basic idea.Edit: Actually i figured it up and I was dead wrong on what i said at first.

(As in we'd have to offer half to get any sort of cash flow)Has anyone had any experience talking a seller or his agent down?

I do have the property listed "As Is" but have only received offers for about half the listing price.