The hard money 10% plus additional thousands in closing costs was too much to swallow. 

The property is only 9 years old so that's why I put only $10k also, they are opening a new company that will employ thousands of people nearby so that's why I put a 6% income growth and only 3% expense.

Because what they truly were saying is they were going to wait until others are not buying, to buy themself. 

If they still have to install kitchen cabinets, then I would wait.

They have offices in many states and handle thousands of rentals.

There could be some real interesting back and fourth discussions to be had on the pro's and con's and risk's of these sub $200k houses in the Midwest, but I've been through thousands of tenants at thousands of these 100 year old properties in my career, and I've never been sued for a sidewalk slip and fall.

Quote from @Seb Ko: What's your opportunity cost for waiting?

@Cara Lonsdale Thanks for detailed replay. i do want to build wealth but i will wait little more then as i have to live 2 years in last 5yrs. thank you so much 

I personally would rather a few properties make up a sizable chunk of my net worth vs. 100 doors that appreciate a thousand a year.

Wait for what?!