Hi Brandon-The answer to your question, as you indicated, depends on where you are in the country and the type of property you are looking at, but generally you are looking at 8% to 11% with 1 to 2 points depending on location or risk. 

He's already indicated that he's open to seller financing, and I know what terms I want to make the deal work.BUTWhere can I go to really find the technical details on how the deal needs to be structured?

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.

Current comps indicate we will be able to pull out $30K more than we have invested.

.* Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)* Don't allow for your own independent property inspection* Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)* Require you to pay for any renovation upfront* Sell only in cheap. low end neighborhoods* Don't accurately represent the neighborhood/property classification* Don't have consistent rehab standards for all properties* Don't provide a scope of work for the property* Can't provide references of repeat investors* Require you to close before a tenant is in place

There are very few economic indicators that always hold true.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.

My preliminary research indicates there are rentals and decent comps I can use but I am looking for an expert on the rental market in this area for guidance.Appreciate your input!

When comping condos I focus on the same complex because that is the best indication of price for that property.

But what will complicate things and maybe indicate that you still should hire one is that if you are a non-US taxpayer you are subject to FIRPTA withholding.