Honestly a lot of deals are not providing forced equity because of how much the market has heated up.

Yes, I am aware it need to have a roof of 5 years' life, and a heating source.

The option to change this would be to install a landlord thermostat to better regulate the heating range.Lastly and my future plan is to add another gas meter (utility company will usually do this for free) and separate the ductwork and add a second furnace.

I'd only cash out $127k, because I like to see my rentals bringing $100/door/month.How I see your $2100/month in income against the following expenses:Mortgage Rate 5.00% (you'll probably be able to do a bit better than this)Length of Mortgage in years 30Monthly Mortgage payment $681.76 (0% down on 127k loan)Taxes $458.33Sewer and Water $125.00Trash $-Heat/Utilities $-HOA $-Cap Ex and Ops $150.00Insurance $100.00Mgmt Fee $210.00Vacancy $168.00Total Expenses $1,893.10Total Revenue $2,100.00Cashflow/month $206.90 Cash on Cash Return 45.14% (this is inflated because the only thing you're going to put "down" is your refi costs which I estimate about $5500)

But I don't know anything about the way WA bills sewer and water) Trash $- Heat/Utilities $150.00 (the other half of your $~$3300/year utilities bill) HOA $- Cap Ex and Ops $500.00 (combo of your R&R and R&M lines) Insurance $200.00 Mgmt Fee $530.00 Vacancy $424.00 Total Expenses $4,669.96 Total Revenue $5,300.00 Cashflow/month $630.04 Cash on Cash Return 5.38%

What are your expenses actually going to be for the following items: Taxes Sewer and Water Trash Heat/Utilities HOA Cap Ex and Ops Insurance Mgmt Fee - as a % (general consensus here on BP is 10%) Vacancy- as a %. (8% represents 1 vacant month/unit/year)

Next it is heat.

It has central heat and air.

Yes, there are many pretenders out there, I agree whole heatedly, calling themselves contractors because they took a test and passed a test.

I have found that some banks have even been requesting such things lately so I know just make it my standard offer and that is just one more positive that seperates me from the rest of the competition.As for justifications for offers (low offers), more often than not, the listing agent has provided the asset manager the key factors and elements of the home to support their suggested list price (BPO) so for you to reiterate this will likely not help anything.