If the numbers seem close you might have a hot lead.

Almost every 8-12 unit building I've looked at here is owner paid heat and hot water.

Many hot areas average down payments are 25% to 30%+.

I enjoy the occasional gamble but at my current experience level and net worth I'll reserve that for the dime slots so to speak.Rick Pozos Agreed completely.

Real estate was always a hot topic on this coast because of all the retiree's relocating, and a decent size rental market.

I was told it's best to bait near wet and hot sources..

So, like playing a slot machine, you can either get lucky with just a few properties and have much lower expenses or you can be unlucky and have much higher expenses.But if you own a bunch of properties then it will all average out.

I do not know anything about this company BTW but it is just an example.There ought to be a reason why locals do not buy these hot deals from him?

@Arlen Obviously someone one is doing it now Arlen otherwise properties would not be selling and the selling is hot right now prices being as high as they are someone is still bidding above asking price so of course it can be done, is being done, and always will be done by someone. 

If you are not getting the info you need make sure to ask )Well it’s a 3 bedroom 2 bathroom home………….Ask them about the age of the roof, HVAC, Hot water tank, floors.After you have gathered the info you are looking for say…..It sounds like you have a very nice home, can I ask you why you want to sell?