@Chris Martin  Actually, the Zillow rent estimate on that property is $876, so it's not THAT ridiculous.  

I know it sounds ridiculous but its difficult to keep track specially since i talk to alot of people.

Land value might come in play, not that much though. 500k/day is ridiculous and not true.

Closing costs in Jersey are ridiculous; process takes forever...I have established some relationship with loan broker and hopefully it will make things faster in future.Would I do this again?

Most of them are crap with ridiculous clauses that wouldn't stand up in court or that outright violate the law.I don't know your particular level of skill and I would have to know your reason behind this before giving you a more specific answer.

The worse they look and smell, the less likely anyone will buy it (even at a ridiculously low price).

The prices are ridiculously cheap and the houses actually seems to be in decent shape and some are in decent neighborhoods.

I just find it ridiculous for him to even put 3% based on this:*He had not  showed them one house.

The appraiser made the most ridiculous demands to be fixed before she could close.

Can tenants take advantage of this ridiculous mistake???