Real Scum sucking bottom feeding low lives do that ****.

., I have a live feed of cash purchases in King and Snohomish.

Matt,The seller is trying to get rid of the land ASAP in order to feed other investment acquisitions, which he purports is the reason he'd like to sell without any contract inspections/contingencies.

He said I could have it and perhaps throw him some chicken feed if I made any money on it.

You help feed others they will help feed you, that can be worth more than squeezing out a couple grand with headaches.What a good Realtor can do is have the property brought up to a marketable condition, fix the bath and pay the costs at settlement. 

The bank might be trying to hold out for that price they marked to, which as Bill stated, might be from market feed back from the agent, but the power rests in the hands of the bank.

So it is a little higher than what you paid especially if yours included the electrical (which is costing a fortune for these units because the units are currently on 30 Amp subpanels so I am replacing subpanels, getting a new drop from SDG&E, running new feed to the subpanels, and the feed from subpanels to the exterior units) all without any attic or raised foundation. 

I have been meaning to get feed back on the area becuase I have friends living not far.

Commission is how your agent feeds himself/herself.

I feel I have a very solid approach to starting out investing and would like some feed back on anything that seems out of line or may not add up - it seems to be too good to be true (which means it usually is) and haven't heard anyone else mention this approach before.Idea is to purchase a rental property (I'm looking at 2-4 units but wouldn't rule out SFH) at about 30% below appraised value that cash flows a min of $150/unit after ALL expenses including repairs/vacancy factor/Management/mortgage etc and that the monthly income is at least 2% of the purchase price.