FHA is whole other ball of wax with 3.5% down for single and multi up to four units with owner occupancy.

You're likely to get only low ball offers with no interior inspections,  and tenants still being evicted.  

Again the two main reasons RE agents are not going to indulge you is they are not making enough commission money to justify showing you all these properties and writing all these low ball offers and secondly they don't want their name getting associated with a lot of lowball offers in their market.

If that ball park works for you then we can set up a time for me to look at it"Of course you need to set it up a bit and possibly explain how you get to that range because you'll likely hit them with sticker shock.

Hi Konrad,I think you can get much better numbers elsewhere with lower risk.Don't be afraid to low ball.

When I landed my first investment property, I had called the realtor for 3 months straight with a low ball offer.

Either they wanted the job bad so the low balled it, hoping for the best.

@Raj Kumar Sorry Raj but if we had a crystal ball and could predict the future we would already be retired.

If you're doing a flip or other short-term hold, the next buyer will look at what you paid, and no matter how irrational it is, they'll feel worse if you made a lot of money in their mind.Let's say that a house is objectively (crystal-ball-style) worth $100K and you list it for $100K in August of 2014.

So no sellers getting it tested and then just not reporting it.I have not deleaded a place like that so I can't give you a good ball park on it.