So if you want to provide some more details then we could help better.PM me or call if you do not want to post them here.

email me atand fill me in on any other information/details you want to get more specific about and i'll see what i can advise on.

They do not want to get into the fine details of why someone might have purchased at a discount.

It is very detailed and has links to back up all the data as to where the original source of the data .

Welcome to the forum.Now on to your questions.I get the feeling that coming from a "technical engineering background" is holding you back.Okay you are going to have hang on a little with this one.If you are coming from a technical perspective then your idea of clearly communicating the truth to someone is going to be full of technical detail that I would guess will mostly confuse and complicate the mind of a normal seller.

Now I feel reading a course of two and having a few friends as investors is all you need to start looking and if you have sumthing worthwhile you say "hey investor friends is this a deal" they will tell you.

Yes, you can find enough at a strong enough discount to make this whole thing worthwhile, but the whole key IS finding the deals.

Price/ Unit $ 52,500 Price/ Sq. ft $ 74.46 Rental Income Scheduled Rental Income 48,000.00 ( per year) Vacancy (0%) 0 Effective Rental Income 48,000.00 Service and Other Income 1,615 Effective Gross Income 49,615.00 Operating Expenses Utilities: 4,320.00 Repair & Maintenance 1,300.00 Turnover Costs/ Cleaning 3,000.00 Taxes 2,568.00 Insurance 1,750.00 Total Operating Expenses 12,938.00 Net Operating Income 36,677.00 Debt Service 22,884.00 Cash Flow 13,793.00 Cash Flow/ Month 1,149.42/mo Cap Rate 9.178% 4 2-bedroom units rent for $550 4 1-bedroom units rent for $450 Can anyone help me figure out if this is a worthwhile deal?

Now I have purchased a house by the skin of my teeth, and for more details about that if someone out there wants to personally write me and maybe school me Id appreciate it very much!

Thanks for the response....do a 90% loan... it would give you room for negotiation in the price of the houseCan you give details about this?