The price reduction indicates that they are ready to deal. 8)

The negotiation of the property is a key ingredient to the investment.

hello;the deal from the surface looks good if you are looking at it from an equity standpoint. the key here is to know ALL costs before you sign away. with missing numbers from your plumber/Eletrician, you cannot make an informed decision. i suggest you get that asap to input all the known numbers and then make a decision. you don't want to find out later that the costs are high and that you end up buying a break even deal. because the positive cash flow on this unit is very low already, you don't want the equity to drop with costs you don't know about yet per the work that needs to be done to bring it up to par for rental.Sincerely,-vinh

., as acquisition costs.Now that I think about it, it's essentially a turn-key wholesaling franchise, and there are benefits to buying a franchise.

The key to cash is you need more than you expect when you own a property (running costs, etc).

These prices indicate there is no land involved, so the mobile homes are personal property.

They had several small properties down in the keys that were on the water.

I assume that you are not inheriting the property since you indicated that you will owe quite a bit of tax on the funds unless you do a 1031 exchange.

I have a feeling the current market is scaring off potential buyers, and the area has a strong smell...I'll have to look into why it reeks of cow patties, but other than that the homes are very nice.So what indicators should I be investigating?

But persistance is the best key when it comes to being a private investor that wants rental properties or any type of investing for that matter.........