The problem with Podio is you need a lot of integrations to make it do what you need it to do but then you are managing all of these other services/accounts and this eats up your time. “ Tim Herndon Cost: Podio Teams ($9 per employee/month, 20% off annual subscription): unlimited number of employee seats; unlimited number of external teams; Podio apps and core features.Podio Business (by quote): unlimited number of employee seats (discounts for larger teams); unlimited number of external teams; Podio apps and core features; access right and control; personalized training and support.Evernote: Is a document repository.

The seller required a 3% discount that we agree due the lack of time on holding the property and we need to move on.

The problem with Podio is you need a lot of integrations to make it do what you need it to do but then you are managing all of these other services/accounts and this eats up your time. “ Tim Herndon Cost: Podio Teams ($9 per employee/month, 20% off annual subscription): unlimited number of employee seats; unlimited number of external teams; Podio apps and core features.Podio Business (by quote): unlimited number of employee seats (discounts for larger teams); unlimited number of external teams; Podio apps and core features; access right and control; personalized training and support.Evernote: Is a document repository.

Sellers understand they have to discount their property to sell them in "AS-IS" conditions without repairs. 

The OP should get some actual data - it may be that operating expenses run 60-70% of revenue - and perform a discounted cash flow analysis before making a firm offer.

And since DIG has a "spin the wheel" discount offered for the first time membership when you attend the main DIG meeting in person, you should get to the DIG August 24, 2017 meeting that will be held in King of Prussia - much closer for you than the normal main meeting location in Ambler.

ive never heard of anyone doing ownerfinancing in Norway, but i wouldnt discount it until its been looked at from a legal perspective.

Yep, and that is why locals should LOVE absentee CA investors ... they don't know the market, they overpay when they buy (which is great if you are a local seller), then lose control of management, and become distressed sellers at a discount (which is great if you are a local buyer).

Another point is that when you are buying houses at 60 cents on the dollar you can usually find a local bank to finance 90-100% of the deal because the loan to value is low ( very little money out of pocket)You won't find many Multi-Family selling at that kind of discount due to the fact that you are dealing with a more sophisticated seller. 

This discussion, even if I'm wrong, is of good benefit for anyone looking at investments to realize all sides of analyzing a property and to rely on their own analysis for their goals.Since you are going through the effort of performing a discounted cash flow analysis out X-periods/years and are a long term buy& hold guy, why not ditch the affliction of CAP -  even the lure of trying to calculate a stabilized CAP over a vector of inputs -  and look at an internal rate of return {M}IRR or FMMR (pict your preference).