And likely it will have way too few circuits and outlets for modern usage.

I always respond to the buyers thanking them and attempt to get details as to the type of buyer they are, how long they have been investing, what sort of properties they are looking for, price range etc.

You posted no details other than an 8% return from holding RE and claim t is lower risk than my suggestion through your arguments.I never stated that the higher returns were derived from or promised by "prophets".While I agree that typically, higher returns usually come with higher risk, a smart investor can achieve both double digit annual returns and low risk via note/trust deed investing.I also agree that understanding risks is important as they relate to returns.

Then I'm usually back home to finish some administrative details, exercise in between and then off to city hall or county recorder's office (only one, the WORST one in customer service, isn't online - the other 3 that I use are all online).

Charges are usually listed in detail in the disclosure packet, which may explain all your fees.

See IRS Publications 527 and 925 for a detailed discussion of these requirements."

Thanks guys, i created another thread with the details on my deal.http://www.biggerpockets.com/forums/311/topics/83673-please-review-my-deal-analysis---henderson-las-vegasIn the past, I've always gotten 10-15% below market, but right now, I'm buying at market because of the low inventory and raising prices.

My thought is to buy the house for $40k or so, partner with the seller (he drew up a very detailed scope of work that totals about $50k in repairs but I feel there is still room for negotiation in his number).

See Lonnie Scruggs' site for all the details

I generally just throw in the details for a couple buildings and see if they work out.