hmm, I don't completely understand your math but I'll look into it.

So, using some math I found here: GR-OE=NOI QUESTION1: What encompases OE?

I don't think its snobby, just math.

"A bird in hand is better than two in the bush".The way I see it serious buyers have done their homework about the house and the area and will make serious offers.

No, just another free-thought math genius whose methodology was attempted in parts, never taken in its entirety or it would work as well in gov't financial matters as it does in personal financial matters (Keyne's doesn't work in either when applied in toto).

I suggest we look at 1 lower end for sale (I’m betting it’s a rehab too.) and the 127 and the next closest 95K for sale to see what they offering (Granite, hardwood, et al.)Doing the math – Low ballARV (After Repair Value) = 80,000.

Use your extra time to improve your knowledge and to show them you did your homework by asking intelligent questions.

Also, the book "What Every Investor Needs to Know About Cashflow, and 36 other key financial measures" by Frank Galinelli is a great reference for the general math of figuring any deal.

As for advise - move slowly, and do your homework.

It's great to hear a success story from someone who was careful and did their homework.