It's not a "system", its a bad guess at best.

It's all a guessing game, but it is a fact that cash flow is good there.Avoid the smaller/heavily depressed towns like Shenandoah.

So, I guess my point is, don't try to find a magic bullet out there to pull the trigger on an STR investment. 

However if you just reduce the price by $6k he still has to come up with a bunch of money to close, my guess is either he's trying to save his capital or has little cash to cover closing costs.

I guess I am just a bit confused on how this process works.Thanks!

I would guess based on such a low expenses they are not keeping it up and probably have ton of deffered maintenance.

@Mitchell Litam haha yeah I became an east sider by accident when I didn't know what I was doing and now there's no going back, so I guess I'll just have to stick it out over here indefinitely!

I guess i'm wondering if you guys use some kind of rule for the age of the building if you're planning on holding it long term. 100 years or less?

I guess the question really should be: what do you want to have and look back on 30 years from now?

If they somehow guess you are the owner still, it doesn’t matter because you are not the owner.