Taxes are $6000, manager lives at site in a separate building which is the office essentially.

If you fail to complete the purchase and sold the property you go back to 20% capital gain tax.

Welcome to the site!

Hi folks,I am a new member to the site and 1st time investor.

I keep seeing properties on MLS and similar sites in my area of Wichita KS where the asking price is 15-20% higher than what the local appraisal values the property.For instance , if the physical property has a value of 100k , but the asking price is 120k, does the the fact that there are existing leases in places warrant a 20% markup in the asking price?

Anyone using something new other than the typical sites?

Should agent fail to advertise or show the property and the property remain vacant for aperiod of 90 days or greater, then Owner may terminate this agreement immediately and withoutrecourse by agent.Thanks so much for your time. vera

Networking on BiggerPockets has been a very profitable resource for me personally as well as many others here on the site.

Failing that, I (as the landlord) would do it myself or pay to have it done. 

Now if you want to ask me to clarify my statement then I can do that, but please don't assume I am trying to trick or deceive anyone on the BP forums when there are smarter and bigger investors than me on this site.