Makes me wonder why it has set so long because overall it is a very nice looking old vintage property with alot of updates.

When I work with clients or buy for myself I am looking at the vintage (age) of the building and what I know is typically wrong and the risks with that type of building.

Hey Steven,We currently have an Airstream (vintage trailer) on our property that we Airbnb.

@Chandra Sekhar I haven't seen this listing, but I can guarantee you that the actual expenses to run a property like this one are likely to be higher This is probably a vintage building from the 20's and 30's would be my guess.

Red FlagVA loan or any loan with 1990 vintage - why doesn't the borrower have equity?  

They all are the same vintage, and all need about the same work: new roof; HVAC, windows; kitchen; 2 baths; flooring; paint.

@James Buchanan I lived in Deltona for 21 years in DeLand now for 2 (I prefer the vintage feel) but Deltona is definitely a true bang for your buck area...and houses are creeping up price per foot there too.

No bidders (obviously).2) From what I have been able to gather, the 1st TD is a WaMu 2008 vintage portfolio asset, which logic would dictate would now be a Chase asset (although I've learned it's best not to use logic in such matters). 3) For the record, my client's offer of $3 Million as a short sale was rejected by the lender (despite this being the listing price, not that listing prices are relevant in any way but frustrating nonetheless because it had previously been approved by said lender at this price).

At 49,000 it's overpriced.If you want arrive at 29,000 don't start there.A roof is a major expense along with other items can kill your cash flow.I would also be worried about the vintage age of a 1930 duplex.No telling how many repairs,additions were not done to code over time.Have to be really careful on this one.Before putting to much thought into it submit an LOI for your price.If they are stuck on their price go quickly to another property.Don't talk yourself into making it sound like a deal you should buy.

The same can be said for vintage tenants that always pay on time and have created a positive history at a property.Tenants that a seller places really quickly to puff occupancy and give first month rent free or half off first months rent or waiver of the security deposit actually hurt the property more than if it was vacant.The reason is not only do I have to count the property vacant but I now have to go even lower on price to get tenants out that should not be there to begin with.