I just started getting interested as well and I'm determined to not let this be a fad that disappears in a few weeks.

Check with some property management firms to determine demand for pools.

If the seller is asking too much for the property then one of the tools you can do to determine if the value fits your investment criteria is a reverse cash flow analysis, otherwise known as a discounted cash flow analysis, to see if the purchase price makes sense, especially if your using a cap rate as your benchmark.

However, if he drove to the site, determined he needed to reset the concrete, drove to the hardware store, came back to the house, mixed the concrete, and reset the post then I think the charge was probably very fair.  

How do I determine what to offer in the case of terms and conditions.  

If the seller wants to file a claim for brokering without a license, the only thing that will matter is what the state determines.

If she's willing to sell for only $125k:Initial Rate of Return - before taking repair costs and other expenses (PITI, management, etc.) into consideration of the purchase priceIRR = (12 x 1400) / 125,000IRR = 13.44%Even though that's a good number for the initial rate of return, a smart investor is going to take the expenses into consideration in order to determine whether or not it would be a good Return On Investment.

Thanks Chad, I worry about giving any kind of Bank info over the internet because this company has so many complaints listed on line. this company

I'm determined to get this done!

Denise, that credit score will go a very long way from a bank's perspective so kudos to you for getting it up that high, FIS (Fair Isaac Score) is a lender's number 1 determination for a qualified candidate, after that your income and debt to income ratio, payment history, employment status, etc. will go into play.