Can you point any other major market in the world that would look better cheaper (still) compared to the US? 

- The idea of “Good Title” typically refers to the ability to mortgage the property or to sell the property for full value to someone who intends to mortgage it.

So I have got one unit deal Price: $405000Down payment: $240000Mortgage: $165000 for period of 10 years Cap rate: 10%Annual cash flow: $40500Annual Expenses: $4000 NOI after expenses + mortgage : $20000COC: 8.3%IS THIS A GOOD DEAL?

The owner has a remaining balance on his 10 yo mortgage of $35K.

Hubzu is a very reputable auction platform run by Ocwen, an Orlando-based clearing house for all government-backed mortgages that have been foreclosed upon, i.e FHA, VA, etc.

You could probably go cheaper but at this point its not worth it.

I leave out mortgage interest etc due to cash buyer.  

An alternate and cheaper plan for the door would be to change it to glass or add a glass side panel too.

Balloon payment or get new mortgage after 2 years.The sales price is 61k.Without going and looking at it yet...it will need no renovations.How do i evaluate this deal?

I was wondering if i could take over his mortgage or something like that....but i have little knowledge on how to do that or pitch it to my co-worker.