check this out..http://www.baltimoresun.com/news/maryland/crime/blog/bs-md-ci-tavon-white-sentencing-20150209-story.html

I will prepay the note during good years to reduce principal drastically.)How do you guys feel about the deal in general?

I'm doing an assignment for 399k given the dimensions of the SFR, the size of the lot and the property values in the area there are very limited comps, current ARV is 500k+ it needs 10 to 15k for a basic cosmetic rehab, however the updated properties around the area have sold for 700+ so the potential for profit is there...ISSUE: I've reduced the original price and a few investors have gone by but the main thing that comes up is the exposure to a popular street (for the locals, It's on the corner of Shea Blvd and 61st St).

if you can rent it and hold it for a year you will substantially reduce your tax liability on the property.

Moderate section 8 tenants spread around, but not crime ridden, many SFHs, etc.Currently Fully occupied4 2-bdrm+1bath / 1 3-bdrm+1bathRents: $840, $800, $800, $750, $1070 (3bdrm and sole section 8 resident) = $4,260/mo., $51,120 annual$4,110 Vacancy factor (8%) [about avg for this area]$250 Laundry Income$47,260 Net Rent Income$11,776 RE taxes$4,726 Prop mgmt.$2,563 Insurance$3,016 Water/Gas/Electric$1,968 Trash$500 Snow and Lawn$2,400 Maintenance and repairs$26,951 Total Expenses$20,309 NOII offered $201,000 on the property and the seller has indicated $220,000 as his lowest acceptable price.

A recently trending thread started by @Brandon Turner discussed accepting section 8 from an existing tenant but having to accept a reduced rate as a consequence. 

If you feel you can handle it alone, you don't need to negotiate the reduced commission up front.

People are polite and won't tell you these things unless you pull it out of them or let them know it's okay to say how they really feel.Once you get this data you then reduce your house list price and remarket with a new price.

Lots of other things you can do to reduce even that, such as having a self directed 401K.

The exit value quoted was accurate and after some negotiations on my part, the price reduced down to what made sense for me.Deal closed today and I will update you all on the progress of this flip.