You could have a 5 cap rate and when you put the numbers together and slice the pie, you may realize that it does not provide 12 - 15% investor return or you have to sacrifice a lot of your equity to meet those returns, in which case its better to not do the deal and walk away.GRM is a more valuable apples to apples comparison which will justify your offer price more in line with reality than speculation. 

. , first off, obviously you realize there will not be any positive cashflow since you'll be occupying one of the units, decreasing gross income by at least $590/month, right?  

I realize that it wouldn't be consistent year round but I am thinking maybe some long weekends in the fall and occasional weekends in the winter.

., therefore; they don't have the fear, not realizing they get that comfort precisely because of the vaccinations. 

When I realized that even though I put 20% down (38k), due to the higher interest rate my payment was only a different of $50.

Agent a promising their sellers ridiculous prices for there homes without realizing that our market is softening up and properties are being left on the market with no activity whatsoever.

After seeing the property and how low-quality the addition is, I realized the it's not salvageable and needs to be torn down regardless.

I pulled the utilities and realized the gas bill alone was $700/mo.

I realize that I'm about a year late here but I'm courious to see if anyone managed to get a group together for the SETX area and more so the Lake Charles, Sulphur,  Westlake area?

After a handful of replies to my initial post and some private messages I realize it is doable.