Add in cost of mgt and the CF drops to $50 bucks.  

I was initally quoted at 350K, and now she has dropped it down to 200k.

I am not in any way suggesting anyone buy a bunch of properties in dangerous neighborhoods and drop it on the PM, and in fact I think its a bad idea to even think that way for many reasons.What I am saying is, this scenario could happen in any neighborhood and the PM is better equipped to handle these situations than I am or most people I know.

What if I bought this at 70% of list, what if renovations cost double what I'd expect, what if the average rent in the area dropped $100 per door.

Desean, I dropped the book you were seeking in the mail today...at no cost.Cheers & Good luck!

Damn thing never spilled a drop on the floor.I had to replace the boiler on that one, but in a way I was relieved.

Things are picking up in price nationally but now with an oil and gas "bust" they may be dipping or dropping in your area right now today in real time.Brain storm and execute - if one path is a dead end, try another.

Do a 1031 or just sell it and invest in my favorite state - Texas (although drop in oil worries me a little).  

with holidays and New Year's, along with kids being home or relatives dropping in and out, selling property isn't on the top of most peoples' minds.as for wholesaling in distant parts of the county, that is easily done if you have a trusted source on the ground.  

It's a lot like buying a car with 30K miles on it, drive it for 42K and sell it before it hits 75K where their may be a more significant drop in value.