If they own the property free and clear and you pointed out $50k in repairs to drive the price down, offer $27k because that is your MOA but sell for $37k.yes there will be upset and feel as if you got over on them and make them feel like that is $10 more they could have made if they would have just waited and stuck to there guns.Now if they are facing foreclosure and have no choice but to sell because they do not have the capital to stay a float.

I've done 1031s but probably shouldn't have, it was a popular thought.The though of deferring taxes and paying with future cheaper dollars is rather a myth, for those dollars to be cheaper you will have inflation.

We had to rent for a while, ourselves, with our 75-lb lab and found that this market is sorely needed and tenants will stay longer if they have less choice in moving.

Your choice if you want to use that as part of your criteria.

Its just not very popular here in Michigan.

You can look back 2 or 3 years as the popularity of an area usually won't drastically change but will over long periods. :)

I do own a townhouse as my primary residence and my wife and I are looking to purchase rental townhomes in popular neighborhoods near us.The issue I face is, my appiate for risk is pretty high and I want 1% rule, 50% rule properties.

You have two choices in order to pay down that debt.

Hi @Alexander Felice welcome to BP.I believe only wholersaling is a mistake for REIs,you should be in the"I will buy or lease your house fast business", or"I will solve your home problem business"solving problems and offering a couple of choices to the home seller, like all cash, or owner financing, or lease option then assign, is a good business plan.See my BP blog for some sales ideas.http://www.biggerpockets.com/blogs/3-reiskills-and-brian-gibbonsAnd welcome to BP!

Its all they have down here so a moajority of us floridians have no choice.