That would also be a CoC of like 9.3% if we upped your cash to more like $58K by doubling your closing cost estimate.So as you can see we can all just play around with numbers all night

There might be a reasonable explanation (like the guy in the article).I believe that landlords should use any information available to make a decision, but they also should night blindly say no just because of a potential ding.

I just sent out some direct mail, and got a call last night saying the property was very recently foreclosed on.

I work the night shift/baby is sick/wife's in the mood.

Glad you could come last night @Donald Baptiste .

We made an offer last night at $45k accounting for the $5 at closing, so that would bring us to $5k at closing plus the 20% down.

I do have reserves to make big repairs, but I'd rather save those and look for a more sound investment.My first instinct was to fix it because of course I've been thinking about how to update already, but then I start having these feelings last night to walk away since now in addition to what was obviously to the eye and then found underneath it seems like there could be lead paint, asbestos, and other older home issues lurking, and I appreciate you confirming that feeling.

I will definitely dive deep into everything this website and these links have to offer!

Looking forward to diving in ASAP!

Kyle Kufeldt Looks like you dived right in.