They also have a fair bit of paperwork to make purchases.

There could be a fair amount of money spent while holding until a future resale or future refinance.I would not be put off by the $5K but I suspect you will find many people want to shave it down.

Focusing in a way that does not take a lot of money, just a fair amount of time.If you do land a deal or two you can make some significant money to bootstrap your way up the investment ladder.2.

How you structure your offers, how quickly information is communicated is important.

The title implies a fairly large geographic region so there will be a wide range of correct answers.Let me go into this a bit deeper.Many of the numbers you are looking for a highly sensitive to a specific area or a specific type of property.

I've been doing a fair amount of reading through here for several days and just registered this morning.

I'm a fairly new investor down in south florida.

Here's the deal:7 unit building - 3 commercial and 4 apartments1 commercial unit is occupied and 2 are vacantAll 4 apartments are occupiedCurrent income = $1,910 monthlyIf other 2 vacant commercials rented then income = $2,725 with the potential to increase rents across the board by $50.00 each unitExpenses = $1,000 monthlyAsking price = $235,000.00Repairs needed = $25,000 - $30,000What would be a fair offer?

As a landlord living in the same space the rules for fair housing largely do not apply.

The way I see it the seller is telling you they want to sell and they are communicating.