It looks as though it has a clear chain of title, one owner deceased, the other most likely deceased as well - plus in Oregon previous owner rights are terminated at the sale; no outstanding liens other than taxes, access available, water rights intact (on an existing well).

The repairs and maintenance and capex might be suffice depending on whether the properties you are looking at are turnkey but I know for a fact here in NJ, property management fees equal to about 10% which I believe is pretty standard nationwide.  

If they initially invested $30K, then he could get half of that (minus what is still outstanding on the loan). 

Hey @Zach Westerfield, I also had been buying from Lowes and HD, mainly on closeouts and open-box, but for whole sets I started using a larger scale company that I believe is nationwide called Metro Appliances. 

Loan paydown can be calculated if you factor in a net worth statement.Your asset price 'stays' the same while your outstanding debt goes down.It is a little harder to factor in appreciation because it is hard to predict if your property value goes up or down on a month to month basis.

We lend nationwide! 

We threaten to expose them nationwide.

Lawrence Yun with NAR:- 10-year treasury yield is usually 2% lower than prime 30-year mortgage rates; the current spread is abnormally high between the two- Inventory is slightly over 1M nationwide which is historically low- First-time homebuyers, on average, need an annual income of $85K to comfortably afford a starter home; median home price will be 10% higher in 2023- 15% decrease in home sales in 2022 compared to 2023- 1 out of every 5 transactions are being cancelled; 60-64K transactions cancelled a month between July and now- 200,000 less agents in 2023 compared to now; 70% of agents and 80% of mortgage lenders have not worked in a "normal" market2023 Predictions:* -7% Unit Sales* +1% Home Values (various areas may see a decrease)2024 Predictions:* +10% Unit Sales* +5% Home ValuesI agree with your leading point - definite shift in the market, yet real estate is cyclical, so this should not come as a shock to the majority of people working in the industry.

They are correct that there could still be outstanding liens still on the property.  

I've since started investing nationwide and since my guy doesn't travel I have looked into Trachte's labor quotes a little bit and they seem reasonable especially given that it removes the opportunity fro trachte to point the finger at the contractor or vice versa when snags arise!