I signed with Weichert they get a month's rent to find me a tenant.I am surprised how little they are working to find me a tenant.I signed for the section 8 housing , I assumed that I would getting more offers.I check comparable rents.I have a better place and better location then others getting similar rents.Thank you for your help

Jon,I assume you live in the Denver area.

(Assuming I have already factored in all the expenses for my end buyer and have determined it's a deal?  

The numbers i had were assuming replacement of the roof so I guess I was shrugging it off because I was assuming it needed to be replaced but it would be a bonus if it didn't.

To me the answer would depend on how easy it is for you to get financing for REI (assuming you want to get into it) and how much it will cost you to go to university/college.By both going to college and REIing with your 200k you will have a balanced portfolio.

t=5201There was some good discussion on there about these exact kinds of things.Thanks for the link...good info there.I'm assuming a 30 year fixed term @ 6.5% for modeling purposes.

Sam,Your post didn't say, but am I to assume you are looking for financing an investment property?

which we are assuming is a big no.Is this typical behavior for a place selling real estate for a bank?

You're paying retail for a property that's almost certainly going to lose money each month and in an area (Las Vegas, I assume) where there's likely to be more price declines.

I'm assuming another investor purchased the tax lien for 1.5%/mo. interest.