Does anyone know what are some concerns that I should take into consideration before making an offer on a property that has been, according to the agent, vacant for many years?

The main concern that lenders have is that the property will again end up in default.

Probably the best post ive read anywhere concerning real estate.

ROI without appreciation: -24.11%Cash on cash: -8.20%I know Zillow.com is not an accurate barometer, but it has the property valued at ~$160,000, and comps put it in the $150K range on a per square foot basis.This seems like a good deal to me because of the discounted purchase price, but the negative numbers in the analysis concern me very much.Advice, thoughts, concerns???

As it happens, I am very concerned about my tenants - many Sec 8 voucher holders reside at my building and several of them are model tenants.

My question, as a method of getting the asking price lowered, would it be prudent to ask for a credit of our rental payments toward the asking price of the house?

However, my experience is that the method of advertising is much less important than the advertisement itself and the unit.

Probably could either lease or flip with little concern and decent return.

If the $1600 is covered with adequate return on the down stroke and the condo is ready to go (move-in condition) and the neighborhood bodes well for appreciation what is the concern?

Even if the material only inspires you to do something different that could be good enough.In comparison to what most people watch on TV I would not be all that concerned about many of the seminar folks.