I would be honest about the repair numbers, get a few bids.

:wink: I gotta be honest Eddie.

The majority of the 24% are paid off which to be honest suprised me.Once I get a list of 50 property owners who own paid of multifamily property I plan on sending out a test mailer to see what type of response I get.

I honestly think about the neighborhood affect of bad properties.

Definitely the first one is the hardest deal to make.Looking for serious honest partners that we can work together and do the rigth thing.

So here I am eager and ready to get started.My longterm goal is to reach a passive income of €2000,00 per month in passive income through real estate investing.My shortterm goal is to buy my first investment this year (2012) with a passive cash flow of at least €250,00.I have no equity at all, but I do see possibilities to borrow from family/friends.To be honest I am a bit scared to get started.

Be up front and honest.

If you are dealing in an industry and business you should be doing so honestly.

I'm sure it was an honest mistake.As I based my offer on $100 per sq ft = $300K, should I now reduce my offer to 270K = $100 sq ft x the correct square footage of 2700?

Never hurts to try, honestly.