So you will want someone to verify that the electric was properly split while you are doing those repairs.

Unfortunately, even here in Ohio, anything better than lower-middle class simply won't cash flow properly.

It has to be heated up, in turn creates the voltage to keep the gas valve open and running properly.

I'm just curious as to what other Investors use to calculate the ARV or FMV when you have trouble finding COMPS (this is assuming that your NOT using a Realtor), See I normally will use websites like Zillow and RealEstate ABC.com to pull COMPS, But their are times when they are No HELP, Because of lack of Information and I'm NOT currently working with a Realtor, So that option is out of the Picture and YES I know that you can go check the Counties web site (Assessed Value) But, That too is usless a lot of times, Due to lack of proper Updating.

Here's how I see this deal:Gross rents: $1,200Operating Expenses: $600NOI: $600Mortgage (30 yr, $65K incl. repairs, 7% NOO): $432Cash flow: $168 per month, which is too low for me - I like $100 per unit per month.It does cash flow, but multi-units can require higher than 2% to cash flow properly ($100/unit/month).

What it has done, is created a hardship for honest investors like ourselves.I don't invest in New Mexico so don't know the laws and rules there, but I would ventire to guess you can do them, you just need to make sure you follow the proper protocol.Perhaps some NM investors can chime in.

I guess my question is; What is a proper plan of action on buying and holding?

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The fact remains that this agent, along with a ton of others, have no idea how to work with investors, have no idead how to properly work a short sale, act in an unprofessional and unethical manner (particularly this guy), and I have grown tired of it as many other experienced investors have.The fact that you are an agent, should not be a factor in your attempt to defend this guy.

And it was deemed that the lease to purchase agreement constituted a partial interest in the property for the lessee.Check with a local attorney for the proper wording to avoid such a situation if you choose the lease route.