I'm sending in a $700,000 offer on a property that's listed at $1.175 million because that's what the numbers justify. 

It's hard to justify buying a home for just us to use only half the year, and it would be difficult to rent out a house in Phoenix only in the summertime.

Fees should be clearly stated in writing, easy to understand, and justifiable.

They had a lawyer send me a 3 page document justifying why my claim was not covered and excluded.

Go over there, visually inspect their complaints, then determine if any of the repairs are actually justified. 

Anyway, I'm wondering if anyone has had any success with a project like this and if they were able to raise rents enough to justify the time and expense.

That's why it's not clear to me how they justify a zero FMV after a 10 year lease.

I can see the potential in this property but having trouble with justifying going from a 5% risk free return to a negative return.Thanks for any and all input-

I personally believe a 1.5X deposit is currently justified but that does me no good if no tenant is willing to pay it when 1X is standard. 

I’m looking at some pro formas they’ve provided and running my own numbers and wanted to get general thoughts...They claim their average rent to price ratios are around .7-.8, well below the 1% rule.Basically, their historic data is used to justify low estimates for expenses such as vacancy, maintenance/capex (4%).