Because a family member wants to buy a piece of property near water but the property has alot water damage what should he ask about.

Especially, be sure there are no low spots that will collect water.

The lots (non golf course lot, non lake lot, but nice interior wooded lots 1/3 acre) are valued in the range of $25,000 to $45,000.

I find that property managers do not go over your rental the way an owner does--under the kitchen sink is one of the first places we look--invariably there is water damage due to unreported leaks.

You can always take a range of outcomes from the past, lay it over the future.

Their are condo's in my area (3br 2bth) that are for sale around 50k range and they rent for around $950 to $1100.

But they will demand cash as soon as its even a little under water, and will sell it without a second though if you don't pay up quick.

Total Notes being Carried: $140K1st: $114K2nd: $ 26KThe comps would be at the $139K - $142K range.

Find another agent, price it right given local conditions, and you should be able to move it.Her explanation doesn't hold water, to me.

I plan on doing my own management so I'm looking at the 40% number as I don't want to miss a decent deal.I can see $100/door for SFH & duplexes but I think that 4's are a little different as in this property, as long as 2 units are rented that will cover all monthly expenses-PITI, water and sewer.