As Joel stated he could be padding for tax reasons or he can be using cousin Ralph to fix the ac and paying him with Friday night dinners.We have seen expenses running 45-65 %Never offer the asking price unless the market is really tight

I'd rather get a fixed, if possible, but as I said, right now cash is tight.

I'd rather get a fixed, if possible, but as I said, right now cash is tight.

If the market is tight, complexes offer all kinds of deals, $100 security deposit, free flat screen tv, free first month's rent.

Also, your numbers seem extremely tight, and have apparently no holding costs, and perhaps low closing/disposition costs.

If there is a deadline let them know.

My first thought is how do you break into this tight knit market and what expertise do you have?

What does your contract say for the loan related deadlines?

Rent to pay for holding costs and mortgage closing costs.I will have to reconsider my decision as I also feel the numbers are tight if I have to hold on.

Phoenix: Although we have a few properties there at any given time, the challenge (i.e. problem) is it's a very tight market and inventory levels are low.