That is a much more reasonable cap rate, but with something that old the rehab can easily get out of hand. 

Although, we have had this rental for years, we are out of state Landlords and aren't "hands-on" familiar with this market.Thank You

Paid off rentals perform poorly when comparied to truely hands off stock market (10%).

I will contact you if you drop your name and/or someone’s name that needs a hand and can’t pay for the help.

Of course they have to be sure that you ASSUME THAT MOST PEOPLE MAKE NOTHING with their programs before you hand them your life savings.

I was fortunate enough to have the cash on hand to be able to make the deal happen.

I have been reading books, watching a lot of podcast and live events and I just needs sum hands on experience I would really like some help

I’m sure there are other things I’m forgetting at the moment.We have some cash on hand and a soft offer from an investor, though it won’t be enough to purchase the house, it will cover furniture, lawyers, inspections, and other initial setup costs.

On the other hand, do you see late/non payments and collections across all their accounts (i.e. cable, cell phone, credit cards, car notes, etc)? 

Beyond that, no offer will be accepted unless they have a preapproval, so there is no point in looking until we have that in-hand.