Could he still sell the house to me at this stage of the process? 

Sounds like a short sale.

2) It sounds like the feedback you're receiving from Brad's students it may work best for the locals.

However, just buying a turn key asset and not increasing its value does not sound like that is something that works for you.

The 585,000 number is based on the income-approach used in commercial properties, but it sounds like the appraisal approach would have to be comp-based because it is still a residential property (4 units) at the present time and there is a chance the city won't allow the extra unit.The 461,500 number is the all-in price - purchase+rehab+holding costs. 

Yes that sounds fine to me.

Does this sound like something you'd be interested in using? 

sounds sweet

Everyone here started as the new kid on the block, so you're amongst friends ;)Sounds like you have a solid plan of attack to build your network.

I think staging helps (we didn’t stage though).