Thanks for the support . . . and the other comments.

Your NOI (116K) should support a price of 1 - 1.25 million but the free-cash-flow doesn't tell the same story.

The difference in this case is that you have the support of many other people who've been in your shoes all on tap for you at any time.

Just not something personally I am willing to support.

Also found a metric ton of papers regarding past and present lawsuits.To top it all off, the mans brother and father came over when I was demo'ing the building and were nice as pie.Thank you everyone for your support and words of encouragement. 

If you try to do this business on your own you will find little support long term.

Is it possible to cashflow a property supporting the dp and the sellers note and still have profit for yourself?

I was not happy with the job our architectural committee was doing so I decided to join the committee. Now that I have experienced the inner workings of the committee I realized that the issue is the enforcement p...

If you get a agent that is over confident yes, yes, yes agent with a low level of experience and not a lot of broker support deposits can be at risk, or worse unknowingly commiting fraud.

Thankfully, I stumbled across this site while searching for info on landlording, there seems to be a really great wealth of information and support here.Looking for some great tips as I'm trying to read as much as I can and 'learning as I go'.