You said you would consider if the price was 436k--- debt service using those rates means 3,650/mo and basically around 700 cashflow for 24 units...basically +$30/unit a month.Thanks in advance.

Better to pay a specific fee to get it done right then to have a nightmare and the associated costs from a broken/clouded chain of title.John CoreyDefinitely get an attorney, preferably the one who executed the closing, to perform this task.

Do you tell a lawyer the basic terms and they write up the agreement?

Basically, I'm interested in the vacancy rate of single family houses, middle income range.

I basically have a home in Las Vegas (2 years old) newly built in 2005 that I need someone to take over the mortgage.

My long term goal here is basically to rent it out for another few years until the market rebounds and then do a quick clean up on it and then sell.

It could very well be basic info (don't know I haven't bought it yet).

The place is basically a dump, falling apart.

If you are buying through an agent they also can provide some basic numbers.As you have family in the area consider asking them if there are any RE attorneys they recommend.

Im still a beginner and im trying to learn the basics.