It brings in what it brings in, and those are the annual numbers you would need to use.I will warn you that unless there is potential for a lot of upside on the rents , this place will probably be a heartbreaker.

(There have been some heartbreaking tv shows about people like this losing their animals.) 

Talk about heartbreak!

PDX market is uber competitive and not much to be had for 175k other than low end first time buyer type properties.. if you can get one with margin you can expect to make 10 to 15k per flip... anything more and a local will generally beat you too it.. and wholesalers  ( the very few we have ) will price the product or give you a purchase price that will back into .you can go to bulldog capitals website and register they are a wholesaler in town. and you will see how they price their properties.. they have the HML all set up and ready to go. but you must bring your own rehab team.Frankly though is yoiu have no experience  at home doing this going out of state could be a heart breaker  as the gentlemen from Pitt  referred to.  

@Todd PowellSpring is in the airI lost 2 of my long term tenants in last 3 months very heart breaking.

Really interesting, heartbreaking and informative podcast.

But, it will be a long time before the price comes down to $70K.Buying a particular REO is an exercise in heartbreak.

They generally expect houses to be habitable, and I'd say this one is not.Getting fixated on a REO is likely to result in heartbreak.

REOs are heart breakers.

Then you have a shot at getting one of them.Short sales are heart breakers.