Thanks for the reply Charles.Like I said we have an appointment set so there's still a lot to be figured out BUT:She is not incredibly motivated to sell but in such a situation I would think it will happen quickly once she realizes the time crunch she is in.

got a quick update for you guys.Had to put in a new furnace, central AC, and hot water heater.

In fact, if you sat down with them, I would bet they can put an incredibly precise definition on what they are interested in buying and what they aren't interested in buying.

I realize that Denver is a hot market (few days on market), I live here, but what if your buyers can't deliver.

It's a strategy from 15 years ago and they are serving it back to the masses again because the market is hot and lots of people think they are gonna get rich on RE by employing those tired old techniques.

From that, it's my opinion, regardless of the market, hot or slow, appraisers have more deals going across their desk, generally than any Realtor or investor.

Larthsa,To figure cash flow, you list all of the monthly expenses, Principal and interest, taxes and insurance, add in any utilities, HOA fees, etc,,,then you need to figure out a fair figure for "reserves', this is a hold back amount for the hot water heater breaking etc,,,then figure in a percentage for vacancy (most will use around 5% if its easy to lease) if your going to have a management company manage, their fees,,then add,,,take the final figure and take it from your monthly rent, and you SHOULD have your cash flow (if I missed anything anyone please chime ini)If you want to figure your "cash on cash" return, figure out how much you will end up in the deal for in cash (deposit, rehab, closing cost paid in cash etc, all expenses you will pay in cash), thats your total "cash" in the deal,,now see what your annual cash flow from the property should be, divide that by the cash you have in the deal, and you should have your cash on cash.You can do this with a simple spreadsheet, it makes it very easy to look at deals, but remember, these numbers are only right IF the estimates you put in are right,,,including the anticipated rent,,too many new investors tend to under estimate expenses and over estimate rent.andy

Hot water baseboard heat runs at a lower temperature, usually around 160 degrees Fahrenheit.

Asking price is usually high (in my area), so there's usually room to negotiate, unless it's in a hot neighborhood.If I thought the price was too high, I'd have no problem offering a number that would work for me, even if it's way below list.

Hi all,I'm looking to find some apartment buildings to invest in the Nashville area.From what I understand the following areas are hot now:GulchWest EndGerman TownWilliamson CountyDoes that match up with what you are seeing?