@Dean @Dean Letfus  Thanks for your response.We haven't discussed Term and interest rate as of yet, he is waiting on my return call.What will be a reasonable offer to make this an attractive investment?

A fully paid off building would be very attractive to a lawyer whereas a property with a heavy mortgage would not be attractive.Your ideas, suggestions?

The ones that do poorly fail to attract enough money to stay open, or are closed when failure is acknowledged.  

Assuming you don't have any problems with them (because they are new, but they always do) and you don't have any vacancies (you always do) and your ability to get the asking rent (you probably would not), you are making about $70/month.Now, let's be realistic: 12%(one month) for vacancies, 10% for repairs and $50 less rent per month to attract renters fast (this builder probably sold a lot of homes to other investors) you are having the following expenses: $1,871.00 =  $186(12% of 1550) + $155 (10%) + $1,530.

Persistence is essential to attracting money.

I need to attract motivated sellers.

The purpose to attract quality tenants.

This all means that both my pipeline short sale deals could blow up as my exit strategy was to double close with a rehab investor.I'm thinking either do the flip myself (not what I intended but the profit potential is very attractive to me) or some how JV with one of the cash buyers on the deals?

For example, in the Secret, talking about the law of attraction, it states that once you envision your goal or what it is you want, and believe that you've already got it, you will receive 'inspired thought', and that you should act on it.

It's standard that the avg. montly rent is about 0.5% of the properties FMV.So it's very hard to get positiv cash flow which makes breakeven properties also very attractive compared to the avg. property.Well as long as you ain't wealthy enough breakeven properties are obv a risky thing.But let's say you got 15 propertys that cashflow for a good chunck of money why not add like 5 breakeven properties as well.