Not knowing anything about this property or area, the rehab cost seems really low for a house that cheap that is expected rent for 1600.

If you're a prospective buyer of a multi-family unit, here's another tip you might find useful when you're kicking the tires on a prospective property.Don't just look at the currently occupancy, check the eviction filings for that property address (it is probably public record at the courthouse - depending on where you're located). 

I would go with "I'm a local investor looking for new properties, if you know anyone looking to sell please have them call me *hands them a card*"And/or write down the address, mail them something and/or try to find a phone number to call via your own efforts or skiptrace service.Deal machine app is pretty cool I've heard, never used it myself.

His screening came back with only previous addresses.  

Fully finance rehab costs in cash 3.

Then you refinance it to pull your money out to do it again somewhere else.If you've never managed rehab before, you can just find a place that only needs a modest amount of updating the first time.Odd thing about it, the more distressed the property, the deeper the discount, which actually mitigates your risk of not getting positive cash flow later once you fix it up.But, like I said, if people are being conservative, you just have to do the analysis and show them.The other option is to find an agent that buys into your goals.

If the mother says anything, you can just reply that you will address the issue per the remedies stated in the contract.

@Kevin PowellI believe he meant if you found a property with 65% ARV, make sure the rehab cost will not go over 15% its ARV.And same if you found a 70% ARV, rehab cost should not go above 10% of its ARV.

I have a project in Chicago that is a 3 flat the I just finished gut rehabbing and it now has tenants in all units.  

Yeah st.a market is not easy to get into right now, only properties seem to take a boat load of rehabbing.