Well, if those are the real numbers, I'd say you're getting a hell of a deal...Looks like you'd be buying with a near 17% cap rate, 30% COC return, and 31% total return...in fact, if you could turn around and sell it as a 9-cap, you could immediately turn a $250K profit (even after selling fees!)...

Then completely papertrail your correspondence with his company so that American Express can advocate for you if you decide to seek a refund.A lot of the stuff contained in his introductory offer is free so, at the very least, you'd get a bunch of stuff you wouldn't have to return if you decided to cancel.If you decide to purchase and execute on his information, please report back here.

Nothing but a memory...

How it would work is that the master lessee pays me (the owner of the property) $170K pa, and in return they have the right to collect all rents, and the obligation to perform all management, repairs, etc and pay all operating expenses.

I needed to get in the house, I waited for her to return my call and 2 days later she did, only to tell me that an accepted offer just came in.

I have heard of that investment reportedly paying back 500% return in 40 days.

Sometimes ina divorce a person just wants to get away from the memories of a house that you were in with your ex-spouse, is that your situation?

Find a stable market with solid returns and start negotiating.

By far the easiest way to find where the owner has moved to is to mail them a postcard with "return service requested" via USPS.

They haven't returned my call yet, so I'm just waiting and will call again and try that line if I'm able to speak with them.