He replied that Saturday would be too late, to meet him today with a proof of funds letter because there is so much activity on the property, he doesn't want me to enter a bidding war.

I did a deal once in a war zone because the numbers are phenomenal.

I did specify that it was a rental house next door, which could produce numerous tenants and that it was a privacy concern to me.

Not war zones but low to middle class?

I think that $50,000 per unit is a little high in this area of the state but that would come out to a 12.5 cap roughly (basically unheard of in my state unless you're buying in a war zone).If I borrow at 5.2 percent and have a 75% LTV I would have a mortgage of $19,800 per year.That leaves me with:$49,750 NOI$19,800 Debt Service$29,950 Cash FlowThat is roughly a 30% cash on cash return.

I have rentals in virtual war zones, and this works well.

She has mentioned numerous times how the current tenants see her as a friend and she is not tough.

I started in a war zone, learned a lot, and never want to go back.

I am frustrated in that after I find the owner of a vacant house they won't budge unless it's in the war zone areas.

The frenzy continues in these states.When it is announced the national consumer confidence is improving, the study is conducted by asking around 1,000 people.People seek and follow only what they want to perceive.Depending upon which TV station you watch or which political analyst you follow, Kerry should be president right now.The same exact “Most Experts” statement could be stated during the first half of the 2000s and numerous other times since the 1960s.