and people in major distress /  IE foreclosure women are more soothing and more apt to listen .. then some slick talking dude trying to steal their equity  LOL.. 

What are the rents like, and did you face any major challenges that were unique to the region?

The 15 years is a major "no go". 

It would help if you had somebody that knows a little bit about buildings to point out major flaws. 

I was just curious about others opinions because I have had some newer investors from Asheville say they would only pay $160k and I'm wondering what formula they are using because only homes in major need of repairs are 160k and I know from my own rehab projects that and 30 to 60k would need to go in them to get good rent.

Have a small property with a $95k ARV. Purchased the note for $15k. There are approximately $10k in delinquent taxes. Property will need ~$15k in work to achieve the ARV.Owner really wants to stay and can (with a BIG ...

Allowing them the non-refundable fee would be a nice gesture since they will deal with the short-term issues, but ultimately you deal with long-term issues of having a pet in your property and should receive the majority of the monthly fees.

Major lenders require this info up front.

On residential sales I see flood zones as a major concern, but on a rental property many investors I've talked to see this as an acceptable risk as normally the insurance would cover it the cost of any repairs.

So I'll first lay out the basics of the deal... and then pose my quandary..... that felt like an elegant sentence lol. 2 unit building near major medical/college campus'Last 5 sales on street for similar properties- 350k, 350k, 450k, 405k, 505kARV- we'll say 400kSeller Finance TermsTerm Length-5 years, with option to extend 2 more years at 2% higher, 1st yr int onlyPurchase- 235kDown Payment- 15kNeeds: 85k in rehab-mostly exterior and some cosmetic insideTenants currently pay $950(two bed 1 bath) and $740(two beds one bath)-- The owner doesn't use 3 bed rooms upstairs-- he used them for storage.