You say they are wrong but Kiyosaki recommends to use investments to pay for your bad debt if you must have bad debt.  

IMO, it appears that the water from the down spout may not be diverted away from the house, flowing to the left to the corner and allowing the foundation to settle toward the left.I'd check the soil! 

Perhaps I'm wrong about them. 

Any property that hangs on the market too long becomes ignored, people start to think something is wrong with it if others in the same price range are moving and it takes a big dip to gain attention......or take it off the market and let that perception die. 

That being said, the purpose of the post is to find out which market is best for me to direct my efforts, so if someone thinks that last statement of mine is wrong, I'm all ears.  

It appeared (mind you, I am still learning so I could be wrong on this) they paid around $209,000 for this property.

They ask for all my RE owned, name and account info for all my assests, all my other mortgages, etc.They are asking for %20 down, plus 2 points, plus a 1200 "application fee" for documents and inspection, @ 12% for 12 months.Is there something wrong here?

My Cousin's (by marriage) family owns a local supply house.As for the mortgage comment you need that calculation to figure the cap rate don't you...That's why it is there.So far all of my properties are all 13.6% and up cap rate unless you tell me I'm figuring something up above wrong.

Now here is my personal feeling which i can be wrong here.  

Also, if your seller cannot post bond and its determine one is required by judge, your seller will only get limited powers and your intended sale is now subject to overbid in open court.Lots to know; lots that can go wrong, and much to learn about to control and work these deals.