Residential properties change, neighborhoods change, homes become dysfunctional, market changes can take values down as well as up.There are very few 100 year old homes in my area that remain desirable today.Commercial can suffer similar issues.Always have an exit, there are aspects beyond your control that can effect a property, the trick can be when to bail out before negative influences arrive.There are several trusts that can be beneficial in holding good properties long term, just make sure there is flexibility built in to dump a property and move on to something else. :)

Extra care should be given to the state of the neighborhood and it's future prospects as well as making sure the repairs and expenses are nailed down.

I wanted to know what would be a good offer(owner finance deal) for a 4br 2bath property in a fairly decently neighborhood .

They have been extremely valuable in providing us insight into the neighborhoods, the hotter markets, the type and materials of rehabs that are selling; as well as knowledge in the requirements of the flip needed for the buyers to qualify.

Just be sure to be mindful of which ones are retail and which are foreclosures/shortsales.Also be mindful of neighborhood boundaries, as they play a big role in the comps an appraiser will choose (learned this the hard way) :)

The house is in a nice but modest area that is well located in a neighborhood of almost all owner occupied homes close to schools, parks, etc...

If it's a good deal, in a good neighborhood, we might be in a position to buy.

My general counsel to those that ask is "buy in an area where you can make money", don't spend so much time worrying about wether it's the neighborhood that you love, or the style of home your intrigued by.

You can:Call the newspaper and see if they are printed in there and when that might be.

But are their any investors out there who just aims for homes in a great neighborhood with great rental potential and just go for it?