Use a NOI at 50% of GOI... price it at a 10 CAP Rate and you'd attract investors.Start playing games where NOI is 70 - 80% of GOI... have a CAP at 6 or 7 and you're looking for a sucker.Also, put together a solid package, do the work for the investors.

A customer that complains.

There are ways you can protect yourself from the insurance company's games by sending letters and such.

(This is my first income property analysis, so be gentle…LOL)Asking price- $130,000Down Payment $5,000 (3.85% I know not much skin in the game)Required maintenance $0 (I am not naïve enough to believe this, but haven’t gotten any concrete data to refute this claim (By the owner).

Just remember to look for an experienced realtor that UNDERSTANDS the wholesale game an the INVESTOR thought process....

The owner is OK with that since she knew the "game" going in.

Lenders and servicers do sort of know how to play the game.

If you and your attorneys with the seller play games back and forth it will only cost you the buyer and seller a bunch of money and make the attorneys happy.If the seller wasn't of sound mind at the time then they could simply void the listing agreement and withdraw the property off the market.

Steve that was not a commercial broker to me that you had before.A leasing broker should be a leasing broker period.A sales negotiator should do the purchase and sale.There are brokers that do both but people at the height of their game only do one thing for the most part.You can have a generalist that does 2 things or have 2 specialists working for you that do separate things.The broker wanted the sale to make a big commission so was scaring tenants away.No tenant will want to make an investment into a space knowing they will be moving right away.You can have language in your leases allowing you the right to terminate early but not giving away you are selling for development.Ultimately after the lease is signed they will find out in the newspaper etc. when word of the project comes up.Your previous broker was not doing their fiduciary duty to put you first as a client.

Disclaimer: I don't know Alabama customs or statutory requirements.