There are offers similar to mine, but none that are cash like mine.This is my first offer and I have the jitters, but the numbers are real good and the neighborhood is a LOT nicer than the areas I'm targeting.

The surrounding homes that are similar in style are worth about 200k on the low end.

In this deal there is 53 percent profit in 45 days to the student after paying me my portion.53% divided by 45 = 1.77 percent per day.If this deal was followed up with another similar deal then another ...etc the potential is 1.77% X 365 daysin a year = 646.05 percent per year.

It is similar to an IRA (which can be self directed) but has even better benefits in that you get a "top of the line" deduction on your taxes and the money pulled out is also tax free as in a ROTH.

However, most MLS's do not disclose concessions, closing costs, builder incentives, etc...For example, two similar houses could have both closed for $250,000.

Are there other similar units on the market now?

You might be better off doing your own comparative market analysis by finding real comps of similar houses nearby that have sold in the past few months, and comparing.

Requirements are similar to FHA.

You would include the rental income at the prevailing exchange rates when received and similarly translate your expenditures.

In the area of interest (N metro Boston), I see similar units renting for 1000 - 1200 a month, + tax / condo fee (200) giving me about 400 a month income.