Of course the above explanation would only hold true if in fact when you first inspected the property the water was turned on at the water shut off valve. 

Michael Paris Haha, true that, same happens to me, i respond to a post, someone messages me for a follow up question, I couldn't remember what it was!

That's very true, Maggie.

I'm not necessarily saying that this property will fall into Ben's "lipstick on a pig" type even if the true value of it is $40. 

I am not the buy / hold king yet but I have to claim it for it to come true lol

I am a father of 5 beautiful kids and because of them I started looking into investing in real estate.

That is often true of any large purchase, business partnerships, etc.

One person mentioned they are not employees, true, but they ARE a vital part of your overall business chain.

i'm very much interested in multi's. as of yet i've not found a good deal. some have come close on paper, but are too close for comfort when it comes to trying the numbers out in the real world.i happened to run a SFH through an analyzer earlier, though, and it is screaming potential. 29.49% cash on cash return, 11.95% annual cap rate, and ~$245 in monthly cashflow. assuming it's not too good to be true, what are your thoughts on me following a deal that looks like a great deal even if it's not strictly in my ideal criteria?

hi there,i'm looking at the attached document and am wondering if this deal is too good to be true.i think i'd try to negotiate to the average price per sqft mentioned in the document, which would put me around $45k. ...