I ran the numbers on the rental property calculator and it looks like I am going to be making around $750 a month in positive cashflow after the mortgage, insurance and taxes are paid.The downside is the realtor is a pain to get in touch with, there appears to be a leak in the 2nd floor bathroom, and the realtor is claiming there is a private owner that wants to get rid of the property, but when i check the tax records it shows that a real estate company owns the house.My questions are the following:- Is a deal that is too good to be true usually just that?

They are and can be great but if they have a problem its pretty hard to extricate yourself with out a lot of pain and usually costs..

They try so hard to sound American and blend in but it is painfully obvious.regareds,Chris

Most of them have central A/C but I found out that these are really pain in the neck and very expensive maintenance.

The biggest pain is making sure they are insured and bonded.

Which is a total pain because people will call and ask and then you can tell them no so long as that is not a protected class where you are.

The fha route is a pain with all the red tape but is great for the low down payment and some level of hand holding that comes with it in case you aren't a well seasoned, super handy investor with lots of tradesmen contacts.

With that said, I am willing to branch out to areas of NY and PA in search of some deals that provide me with positive cash flow.

In addition, if you get a counter, but you're offer isn't close to the sellers you could wait it out and then put in another offer as psychology always changes everyday.

I feel your pain with the  commute.