Based on those numbers, this looks like a good deal:price$129,000 down25%down$32,250 loan$96,750 rate5.25%term30 years payment$534.26 rent$2,300 NOI$1,150 cash flow$615.74 per monthcash flow$7,388.92 per yearcash on cash23%But there are some other factors in playFirst, what work is needed?

That will be a drag on housing prices because it limits demand.Local factors may come into play.

So if your credit is poor, it might be a factor.

Those 2 factors are why I believe I got such a good deal.

With the corner and access you make the rules.300k is way to low and they can make up for it on the other 23 acres giving you more money.You really need someone on your side.If I were there I would work for you and NOT the developer.They are trying to wear you down and see the lowest you will take.You know the income approach but it helps also to have knowledge from the other side like I do of what the developer will do with the property and how they will most likely extract the most money for themselves.This will help you not hold them hostage but capitalize on their problem.Sounds like an unseasoned developer because they should have known long ago they needed your property to make it work.From an access,architectural,and design standpoint they need your land.

I'm sure there are so many factors that I'm absolutely clueless about (taxes, crazy tenants, property management, etc.).

This will allow you to save the $600 in fees you would have to pay to use the Realtor designation and have your own MLS access.

I cold call, am pursuing my CCIM designation, and am pretty aggressive.

It started to snowball from there.The second contributing factor is that I have begun buying rentals again.

I figure if I dont factor in cashflow for right now, the numbers work, and I assume rent increases by the time I plan to rent it will give me my desired cashflow.Please just help remind me what steps to take and what not to forget...