If I see rust around the bottom or other signs of potential failure while we're doing other maintenance I'd consider it.

@Bryan L.

Joe GoreHi Joe,I am in the world of Seller Financing as a RE Investor.TX best RMLO is Mindy Henderson.https://www.linkedin.com/in/mindykhendersonTX best Dodd Frank Attorney is Bryan Dunklin JDhttps://www.linkedin.com/pub/bryan-dunklin/9/a08/ba6My library of Dodd Frank including CFPB links ishttp://www.biggerpockets.com/blogs/3/blog_posts/37531-my-library-of-links-to-dodd-frank-law-safe-act-and-cfpb-is-hereHope that helps.Brian

@Bryan L. - Haha.

Originally posted by Bryan Hancock:However, I don't see why any of this really matters.

Originally posted by Bryan Hancock:You get there because the next "logical" step in the analysis is to summarily discount any property that does not "cash flow" when you assume 50% of gross potential rents is consumed by expenses in the long run.

Here in Texas in Bryan Texas, if someone holds a 2 bedroom voucher their standard is over $800 but that includes estimated rents and utilities.  

@Bryan Patterson - this was on March 2 of this year:I feel you...

I agree with @Bryan Hancock that one of the keys to success is persistence.  

Check out Bryan Hancocks LOI in the file place.