Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

Please note that I don't know how plausible they all are so feel free to comment:1) Write it into the offer that the eviction process has to be completed by closing, else I can walk.2) Ask for money back at closing to cover any fees plus unforeseen damages to the property.3) Walk away and find something else.Oh great, now I can't figure out how to get my margins back to what they were before....anyway, I haven't made an offer yet.

Feel free to contact me.

My mom began playing the BiggerPockets podcast while we were cleaning and i was amazed that so much advice was being given away for free, so I had to sign up! 

(feel free to tell me If I am wrong.)Gross rent = $4,775 p/month x 12 = $57,300Vacancy rate of 10% brings it to $51,570Consider 45% to %55 for expenses and management brings my NOI to $23,205 - $28,365NOI/Cap Rate$23,205 / 8% = $290,000$28,365 / 8% = $354,500@ 70% LTV that gives me a range of $58-$100k to pull out if my math is correct.

Let me know if you'd like for me to get you set up on that.As for meetups, a few other local BP members (Tim Gordon) and I host a free event each month that meets at an active investment property and reviews the pertinent details of the deal and helps t explain numerous facets of REI.

Real estate is one of the last great free-market environments. everything is negotiable, and some providers are better than others, meaning they offer more complete/sophisticated service and response, wider marketing exposure, etc.I compete routinely against both higher than 5% and lower than 10% management rates and anywhere from one month's rent for a leasing fee, to half that. 

We have used various methods to save up for down-payment funds: we set aside pay raises instead of consuming them, re-enlistment bonus sums, tax-free income from deployments, an inheritance check, the tax-free savings account while deployed...And so forth.  

In reality any buyer is free to do that but I don't know how often that actually happens.

I would love to buy it in just one of our names, freeing up the other name for an additional house down the road.