However I'm somewhat suspicious why this person would sell this cheap when homes next to sells for almost three times the value. 

I can pick three similarly sized houses in my city in a 1-mile radius and the prices can vary from $2250 to $500 to $900. 

I own two rentals and also live in a rental, and in all three cases the tenant pays the water. 

I will be in Seattle in the last three weeks of August.

Can anyone tell me what goes on the last three lines in this agreement "Bird Dog AgreementThis Agreement is made effective as of ____________, 20__, by and between ____________________________(“hereinafter “Buyer” or “Seller” [circle one]), of______________________________________, and__________________________, of______________________________________." 

I don't know how a new person can buy a rental house in the bay area because of the sharp run up of prices there the last three years.

Jayden, one of the BP podcast mentioned getting 4 units or less, living in one and renting out the other three.

I've got a house with fiber board siding that is rotting on three sides of the house. 

That way whenever he finds a good deal that he needs to close asap on he will have the funds available with waiting two, three weeks to close and potentially losing the deal

If you're not "married" to your local market here in the Inland Empire then your thought of investing in the Midwest is likely a prudent one.For $90,000 to $130,000 you can get a three bedroom home in a great neighborhood that generates double-digit cash on cash returns.When you live in an expensive market where the rents are relatively low to the purchase price, it is difficult to get attractive rates of return.