Problem is the second note is in the double digits for interest rate versus a seller held second you can likely get closer to 5 or 6%.Certain assets like commercial retail the market is strong to where  a seller doesn't have to hold any kind of second.You need to dig down further with your buyer to understand if what they are trying to accomplish is a pipe dream or reasonable.

In my area , if its on your property you can dig it up .  

Brad, is your cap rate really in high double-digits after repairs?

@Gaurav Bhasin leveraged returned yes you can get in double digits pretty easily in a few classes. 

Other side of that coin is you can become a passive investor and become the bank and loan tour money out and make double digit return on that money.  

I've been using it for about a week in a digital manner--just using Google Maps in conjunction with the desktop app in finding and validating properties that "look promising".

The problem too is that incomes are not going up as quickly as what rates will be, widens the gap and will push median price homes down if income slows.I've been in hot markets with double digit interest rates, regardless what rates are, people will buy and sell.

I.e. there was a higher list price that i missed....but it did seem that a fair number sold in single digit DOM and many in less than 45 DOM making me wonder that the list price could be the original list price.I hope my question is clearer now....I do understand that list could mean "nothing" but in this case the numbers could work, according to my newbie understanding plus the list prices of other cash sales and their closing prices seem to be around here...s/times closer to $20k.

Professional digital meter tests run about $150 and are much more accurate adn are usually done in a closed house over 3-7 days.

The rate you pay is negotiable, but its realistic to be in or at least close to double digits.