Research crime statistics for that area, and if necessary, call the local police and ask them for an honest opinion of that area.

That also gives it a better shot of being removed in the future when enough people see the negatives piling up.I can take the proceeds from the seattle duplex sale and buy outright a fairly modern ~6 unit property (60's and up) in some secondary and many tertiary markets in western washington,    and with no more than 50% financing I can be looking at 8-12 units properties in secondary and tertiary markets.   

So if a buyer buys it.. let's say your wholesale fee is 10Kso the end buyer gets it for  300K.Then if the end buyer is a flipper... their selling cost alone is 10% of selling price.. thus 33K.So they will already be in the negative.

6 - As you add properties, will this bring added income (positive cash flow), or a drain on your cash (negative cash flow)?

That's a statistic from the SM government.

The rates are good, but do the payments negatively affect your DTI to the point where you cannot qualify for another loan?  

Just remember: most negative reviews are written by problematic tenants.

In your case that would cashflow negative, even if you got the price down by the 22k you expect in your calculations - my opinion is: keep looking, there are still great deals out here.

The odds that randomly three people who just happened to work with PIP, joined the site the same day, stumbled upon this post, and found it to be the only thread worth contributing to is statistically    .    .    .   

I definitely don't want to have negative cash flow and want to turn some profit even if it's $100 a month but that would bring me-too about 7 year finance unless I do a balloon payment after a few.