Your monthly payment would be around $800, and from here you have better negotiating room.

For my personal investments, I don't touch single family houses - either they're 100% occupied, or they're 100% vacant, there's never any wiggle room.

If they are all going to be well under market value, you should have some equity room to play with and be able cut someone into the deal.

He also said the roof was leaking because one shingle needed to be replaced, but that did not explain why every room and bathrooms in the upstairs had water marks running down the walls.

@Josh Benitezdo you think there's enough room in there for two sets of closing costs, repairs, and a profit for you?  

For example, there have been a grand total of three banks started since the passage of Dodd-Frank.  

Think about how many people don't have any qualms about dropping $100k on shares of Apple in the "Grand Casino".  

They'll want to know total sq ft and if there's room in the attic for ducts.

Another 300 sq ft room has wood paneling, but no drywall behind it....is it worth it to add sheetrock and rent?  

Anyone know who can convert a room back to a garage in Dallas area?