I just don't have the capital at the moment..I also posted in the "looking for funding" forum on this deal as it is now... but the deal can and will probably change more in my favor..

If you pay something between current and future values, you still have good upside potential.And with your limited experience and perhaps limited resources, your friend's willingness to give you seller-financing at favorable terms might be exactly the opportunity you need to get started in RE.Having said all this, I must say that I did not actually calculate with your numbers for NOI, cap rate, etc.

Some are strong in double closing, while others are not.You may need favors - you don't want to be always asking the same title company to pull a quick title on a property your thinking about purchasing.

It works out nicely in your favor.

The owner of the house was a bit old-fashioned and to be honest, cheap.

I also have friends here that are interested in rentals so I may wholesale some to them as a favor.

But the fact its cheap to copy digital data doesn't change the ethics.A recent ruling favors sellers of used software.

Instead the cause is a multitude of economic and political factors not mention good ole' fashion GREED.

Rather than run a second ad, he decided to just show the nicer unit to the tenant prospects that he observed to be more favorable, and not show it to those he deemed less favorable.

I only get this if the brokers and agents are capable and williing to quote, unquote bend the rules.Just make sure they bend the rules (as far as their rules are concerned) in your favor and not the banks.