-What are the experiences of the group in negotiating with the seller/agent to bring the price down because of this fact.....Do we hope to get all the way down to ACTUAL cash flow value? 

This will save a little until rental income gives us additional funds to use for the back.

What made you interested in investing in this type of deal?

I know they require less down, but with no income, is this a possibility, or am I out of luck without steady employment?

Seller seems to think the vacant pads are worth very little, and of the 1.2M paid, most of that goes towards the income producing pads (with homes on them)...because the "CAP rate could not apply to vacant lots".Does anyone with appraisal experience can shed some light on this?

Hey Raghul,This is a classic debate every investor faces at some point.

Rent-by-the-room is a great strategy in this market.

This strategy allows you to tap into your equity without overextending yourself financially.Investment Strategy:Single Property vs.

The tenant of this property is a brick and mortar retail business I own and the current market value of the property is approximately $1.5M.    

It certainly shows how a stream of income is MUCH more valuable than a pile of money.