The purchase price would be under 300k and they will entertain seller financing. 52 months of rent remaining (based on 12/1/14 Settlement date) $195,000 52 months of NNN costs @ $2/SF (estimate) - $26,000 Net cash flow - $169,000 over 56 months - 63% of the purchase price repaid over the next 52 months Buyer's cost basis after the lease ends - $99,900 of purchase price not repaid - $33/SF 3,019 SF fully built out medical suite specifically set up for dialysis practice Average monthly rent of $3,750/month Average monthly NNN costs - $500/month Average net cash flow - $3,250/month Cap Rate - 14% on average net cash flow Please let me know what you all think or what your next move would be with the seller.

It's Armored BX cable, but on fuses panels, and it's 60 Amps of service to each unit, and 30 Amps (might be 60, but there was a 30 Amp fuse present) for the common (hallway and outdoors lights, as well as furnace, washer, and gas dryer). 

Not surprisingly, our #1 method is marketing direct to motivated sellers via direct mail, PPC, and outdoor advertising.Other methods are (a) REOs and (b) auctions.

We want to go into contract tomorrow..list price.is $309.000 we are putting 20% down at 4.375 interest. realtor "says" we can get $900 for one unit & $1500 for second for a 1 bed garden & 1 bed plus den for 2nd floor. i think thats a bit on the higher side of rent but b/c the property has been completely gutted and rehabbed by investors it is possible for this "hotter neighborhood" if we estimated on lower end of rent bout $600 & $1400 we put the out door cash flow at $140 per door. we are putting an offer in but not exactly sure what to go in with. thinking $285-290.000 if you could take a look i would greatly appreciate it as we really like this property & hope it looks good enough that the numbers make sense. i plugged numbers into an investment property calculator & canshow a spreadsheet to look at if that would give you a better understanding. would so appreciate any advice you have!!

A vast majority of that is entertainment, set up situations, and all of it dramatized.

It's about better understanding leverage and properly DOING YOUR HOMEWORK that you can entertain such options. 

@Maurice Collier I'd start getting the property rent ready, such as safety things, and perhaps look into some upgrades ... especially dishwasher, washer/dry, new flooring, paint, outdoor space, deck, but it depends a lot on your market, and how much money and time you want to invest.

But it is a must read for someone in this business, and it's an entertaining book!

Most players I know won't even entertain the idea with a newbie, cuz frankly they just don't want to be bothered.

The water use associated with the outdoor watering may not be subject to the sewer charge.