A selling price of 390 K seems to be very high unless this home has features very different from the rest.

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They are an excellent source of information.You can also find motivated sellers by starting a direct mail campaign targeting absentee owners with high equity.

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Is this far from your work or income source? 

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Disqualifying based on source of legal income = ILLEGAL ain't it?

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

Take advantage of what Bigger Pockets has to offer such as: word alerts feature, ebooks, forums, awards, webinars, podcasts, the learn tab, informative people in many fields of real estate, colleagues, and more.

Near all my money has had to come from private sources which are a very different can of worms from loans.