If your numbers work out, this plan is brilliant.You should walk out with a few thousand in your pocket plus a nice rental producing about ~$200/month.

Cash flow not real high but having an asset produce $15K a year when I'm 50 sounds good.I'd go fixed as well.

If i were you, i'd get my license, be an LPA of a top producing agent, and invest on the side till you can take it full time.

I currently own one property free and clear and it has been rented for about 6 months now and is producing a good cash flow.

But, I couldn't produce it when I needed it.I was so happy to get some help that I forgot all of the rules I have learned on BP.Don

You have a lot of money tied up in an asset that's not producing much return.

Over the last 4.5 years I have acquired 28 income-producing rental units.

Obviously, not many on this site are good with 4% this deal produces at 1.3m.

This show may not be seen nationally but Desperate Landscape is produced in my area, they featured my daughters yard.

Based on the 2% rule, that would put your max offer price at $46k and that would be ONLY if it was CURRENTLY producing $225 monthly per site.The seller is way off on her expectations of value.