It would be difficult to see how there would not be a conflict of interest for that agent. 

I'm so glad that you guys discuss how difficult real estate investing can be.

If you are looking for a 10% cap rate in California, you will be waiting for a while, especially if you want to include management fees etc.

Just a comment on CMBS:Unless you're going with a conduit who has a capped cost program, a CMBS deal can run up some pretty hefty due diligence costs - $30k-50k deposit due with a signed term sheet (majority is anticipated legal fees).

I am a Semi-Conductor professional(PhD) with two small kids and as such all of my time is used and the option of a more active investment is very difficult for me. 

Determining what to offer has been difficult for me.I believe the house wouldn’t be great for a flip investor but maybe just a buy&hold.

I understand how to calculate cap rate and cash-on-cash so my offer price is based on those numbers.

I understand that some of the highest options for cap rate might also be riskier, more time intensive.

The property will have about an 11% cap rate and cash flow $520/mo.We have run into a few problems with the 3/2 mobile home not getting a Certificate of Occupancy because permits were not pulled in '02 when a new mobile home replaced the old one.

It's been atypically difficult to lose as an investor.I love your 15 year payoff-to-retire plan.