That's not uncommon if you buy quality and screen for quality tenants.

Account Closed I look at them as more motivated and possibly willing to take a low offer since they know they couldn't sell on the mls. 

It all depends on the finish quality of your comps.

For her it was too late, she was approaching a fixed and low income retirement.

Ha ok so I'm kind of ruling out the 600k property unless maybe someone who has the house paid off will accept a low offer with owner financing, kind of a long shot though.

Las Cruces, NM 88005This a 4-plex, with 4 2-bed, 1-bath units.The price is 174k.The last unit putting in rent was listed for $375/mo (that looks a little bit low but it is probably normal for LC).

That price could be low because the Life Tenant could live another 20 years.

Slight correction: I try to price about $1500/mo gross over fair market, although have been a little low lately.

.: 624 Bathroom Information# of Baths (Total): 1# of Full Baths: 1 Bedroom Information# of Bedrooms: 3 Parking / Garage, Exterior Features, Taxes / AssessmentsParking / Garage InformationPrimary Garage Type: DetachedParking Type: GarageGarage Type: Detached# of Parking Spaces: 1 Exterior InformationRoof Type: AsphaltStructural Style: ColonialProperty Condition: FairPatio Type: Porch - No stepExterior Material: WoodConstruction Quality (1-Lowest, 10-Highest): 6Architectural Style: Colonial

The area attracts a lot of working families with children and seems to have fairly low rental turnover in the 6 months I've lived here.