Well Steve bought at the peak before things went off a cliff so no surprise there.John to be fair we do not know the specifics of Steve's tenant.With NNN tenants I do what I call my 5 levels I evaluate.Highest to lowest:1.

Some markets are already past the peak and in speculation territory.

I did so by E-mail, on their respective web sites. 

I'd much rather rent out the full duplex, especially in peak season, so I try to incent booking the full place and create higher nightly minimums on the individual units vs. lower for the full duplex. 

Personally, I can track it to deals that made me about $120,000 - $200,000 in equity and at peak performance about another grand in cashflow after all expenses.

You will probably get a better estimate if he thinks he can land the job too.Originally posted by E.

I think i see my first deal going bye bye.I already have a signed contract and my time period to find a buyer is not up yet.

It's the seller saying "let me patch this up and if something goes wrong you own it now...bye-bye"If it's at the end of it's life cycle or heading that way a smart buyer will demand complete replacement.Showing that you have a new roof with proper drainage at the roof and taking water away from the house eases buyers minds about water infiltration.

Andrew brings up a very solid point, and while I would never give out property details before i had it locked, I would propose the numbers to potential buyers ahead of time to peak interest and perhaps acknowledge a format on how to vest the offer and how to structure your deal over to your cash buyer.This can be done with entities, trusts, & quit claim deeds to name the most common.

There are some markets that peaked in the 80s and mid 90s and really never came back or will come back.. think towns were industry left..