@Matt Smith Hey Matt, A few items here: You can always offer the 80% of the listed priceThere is already meat on the beat, it is the $500 less than what you're paying right now, and YOU (no, sorry TENANT) is paying down your mortgageDuplexes are hard to come buy in your area [you found one of the unicorns-this is a sign lol] One item to watch is the number of rooms and bathrooms, which could increase your ongoing maintenance expenses, but you already have some capital set aside so you've got that covered too-you're rock n rollin!

That is a very common and honestly valid question.

So if all the systems that commonly breaks in a rental are brand new, then the age of the structure itself may not be as important.

Some servicers in 1st position may still allow a deed in lieu with subordinate liens  but it's not as common. 

.$7,000 maintenance last year $5,000 of it from a roof repair.I think for this complex I will need to put down 35%, which I have saved up, but it's pretty much everything I have saved up.If I put in a 5% vacancy, and $3000 annual maintenance.

Thomas S (can’t tag you on the phone)This is not correct, although apparently becoming a more common misconception.

We have a fabulous maintenance staff and any issues will be addressed promptly.

No pets and non-smokers.Property Info:3 Bed2.5 BathAttached Garage1976 SFBuilt in 2006 (has been vacant since 2011)Property is in excellent conditionHOA responsible for all exterior maintenance and repairsIn a well cared for 300 unit development Property numbers:Into the property for $127k (currently borrowed at 5%)Current Property Value = $165-170k ( the property will be worth more as soon as the lawsuit is complete) Annual Property taxes = $5400Annual HOA= $2400Insurance = $800What should i do?

I interview a lot of investors during our wholesaling and hard money adventures and see some really common issues I am going to try and address in this diary.

I worked as a rep for years and this was common practice.Hope this helps!