I haven't seen a discussion about this on the forums yet, and figured I'd start the conversation.In case you missed the news this week, billions in trade came to a screeching halt at U.S.

SO this could be a huge selling point for some.

I have lived in Memphis all my life but do not know if this is the market I want to pursue.

Anyone dealing with this new bill conflicting with existing lease?

-What are the experiences of the group in negotiating with the seller/agent to bring the price down because of this fact.....Do we hope to get all the way down to ACTUAL cash flow value? 

It seems this owner put in way too much, another words over paid, for a rental. 

What does this look like? 

This will save a little until rental income gives us additional funds to use for the back.

Seller seems to think the vacant pads are worth very little, and of the 1.2M paid, most of that goes towards the income producing pads (with homes on them)...because the "CAP rate could not apply to vacant lots".Does anyone with appraisal experience can shed some light on this?

I know they require less down, but with no income, is this a possibility, or am I out of luck without steady employment?