Dead equity is a liability that will only kill your properties true cash flow.

It's possibly a OK deal but not a good deal.After mortgage and expenses you will be very thin, possibly negative, and considering you have $232K in dead equity you need to get the price considerably lower to make any positive cash flow.

Account ClosedAll,There were unforeseen liens (and quite a bit) against the property so the deal is dead.

All units had moderate to serious maintenance issues including active plumbing leaks, non-functioning HVAC, dead electrical outlets, etc.

A mattress would be about 400 for a bad one, so a dead mattress and frame would be 600...EDIT: I should add that 400 sounds low because it's furnished AND students AND low income students AND the materials are higher quality.

As someone that is on the other side of 30 year mortgages I can assure a paid off property only increases DEAD equity. 

But after I logged in all my personal info on your "investor intake form", it just turned dead......How do I receive your inventory info from here?  

Exactly, that's how I leave all my dead leads.

It is likely that half us will be dead or half dead by the the time the tenant pays substantial principal payment on the loan. 

Now that the deal is dead they are going to go forward