. :) God knows what misinformation you've already gotten while barking up this particular tree, given the sorts that'll bother barking back...Last last week, an agent referred someone to me.

And this is absolutely what I'll do if I end up in competition, but I sort of feel that even at $149,500 that's not a bad deal so would they really go a lot lower?

But of most of the deals I've analyzed, (assuming I'm budgeting for safe 10% maintenance and "regular" rates of tenant vacancy - 5% or 1/20 months), there's no way to achieve those sorts of returns, even with a 80% LTV leveraged position.So am I missing something?

I would come a little further east...for that sort of money plus rehab you can get closer to Woodward.  

Part of me wants to rip the Band-Aid off and go for the professional PM now while I have a burning platform of sorts. 

We were able to close in 3 weeks, I didn't have to, but I flew down to Atlanta for the closing as a sort of vacation and to bask in my first property purchase (I've lived in an apartment my whole life and currently still do). 

Unless there's some sort of money back clause I wouldn't.

@Derek WoodsWhat sort of information are you after and are you talking about the Yucatan peninsula or the state of Yucatan (the Riviera Maya is in the peninsula but in the state of Quintana Roo)?

Hi Scott,A few things I'm curious about (sort of playing devil's advocate here): 1) Have you explored much closer to Alexandria?

Treat this like a Bankruptcy of sorts, applied to one property.