The $320 is what the comps are showing which I also think is high that is why I put in $300 as the ARV- It seems other houses in the neighborhood are taking the same layout and converting to a 3rd bedroom (possibly converting the garage).

The problem with getting someone's actual SSN on a paper form or online in a PDF file is that now you've got to safeguard that data like it's a dang nuclear launch code.What if you have employees?

I mention this because I don't speak Spanish and am worried about buying a property where I can't easily communicate with tenants.Asking Price $700kUnit Mix:  Four 2 bed + 1 bath, and one 3 bed + 1 bath.Average Rent: ~$1500CAP Rate: ~8.5%The property has been recently updated (new paint, carpet, countertops) nothing fancy but appropriate for the neighborhood and price point.On paper this looks like a very good deal, unfortunately I have no prior experience with this type of investment and "on paper" isn't good enough for me. 

These partnerships sound good on paper.

The cap rate and c/o/c look great on paper. 

Personally we are getting our taxes done, paper work for rentals organized and other things we have been putting off.

And the worst still awaits.On Tuesday, researchers at Goldman Sachs released a paper titled “The Housing Downturn: Further to Fall.”

I would also get ride of that wall paper and have the walls repainted in a softer color or white.  

Also if they are offering 125% of value beware after you sign those papers some fool could hit you total your car, and now you are trying to get 25% more than it is worth just to settle your debts. 

The developed value could take the form of paper OR finished lots.