The appraiser is going to pull those comps, so it helps if you already have an idea of what similar quads sold for on your same street.

Maybe next week I'll put in a lower offer if they haven't sold.

I'm skeptical, the other houses he has shown me sold for 285,000- 300,000 looked alot better, plus they had a garage and this one didnt. 

I was looking at some foreclosure properties, and the realtor trying to tell me I can't do FHA with a foreclosure, cause its sold as is.

Triplexes nearby have sold from between 178K and 220K, both of which were in better shape than this one.

I live and invest in the SF Bay Area, never sold any of my homes.

(Rule of thumb suggests that falling below 1% gross return per month makes it increasingly hard to cash flow positively on average, when borrowing to the max).A similar question: Are you getting a bargain* (compared to sold comps)?

Rob, I don't know much, BUT  I just sold a personally owned vacant lot and bought a vacation rental using a 1031 Exchange to offset any capitol gains. 

Keep in mind, if you assume the lease, and you go to sell the property in 10 years, you may be the one paying an exorbitant amount to get out of the lease.https://www.greentechmedia.com/articles/read/its-o...I'm happy to help with any further questions, either via this thread or direct message.The first step would be to get a copy of the lease contract.

The company who purchased requires the payments via check (at least for the first one), but it's now been 3 weeks and my check still hasn't been deposited. I called and confirmed with my original mortgage company befo...