More specifics appreciated.

I prefer to target specific properties, typically vacants, and track down a phone number. 

It seems like basic math to me, and if you are trying to help your "client," then you should put their profits above yours, and above your colleague's, and above your brokerage.I have received this runaround from both Windermere & Sotheby's in the past couple weeks and it is extremely frustrating because they have both specifically said they would tell the Seller that they should not trust an offer if it does not go through another realtor.

It's a loan that's specifically for those affected by the disaster.

Without more specifics it's kind a hard to place an appropriate cap rate on the property

What is the cap rate for an older built about 80 years old building in downtown Seattle area, specifically Belltown/Queen Area area?  

@Rj Kro Its a hard question to evaluate without knowing a little more about the deal specifics.

@Whitney Hill - I would go with an "Option to Purchase", in Wisconsin that is a state contract.In a nutshell, it gives you the option (an exclusive right) to purchase a property for a specific price at a specific time.

If you need help, I wrote a book specifically on this niche and how to work with contractors.

Of course there is also insurance and taxes and maintenance (still well lower than the $1500 for stocks) but it is an asset that will appreciate (specifically where I buy) and if there is a crash I still get the rent.I do also invest in stocks using a method called Iron Condor on the S&P500 Index.