With 2% rule, max price = ( (50 times total monthly rent) - cost of repairs)It looks like they are asking more than that ...There are supposed to be 8 units, but I only see rent figures for 6 ...50% rule of thumb says that expenses can be expected to be around 50% of rents; the expenses are given as $16,734, which looks to be somewhere around 1/3 of rents.

I suppose this is a viable strategy now, but you'll need to look harder for longer term money... especially at about year 5.

Suppose it would make sense to enclose it and put a garage door if you intended to hold it for 5+ years.

I've not seen any system for getting notified of changes in public records, but I supposed its possible.

If you didn't sign an exclusive agreement, I suggest you find someone else who will represent you.PS I suppose you're paying cash for the property?

Still young/gullable enough I suppose. :)

From a simple macroeconomic sense, there is absolutely no question about it.If we look at the fiscal policies available for a government, there are two ways to change the economy: spending and taxing.In the sense of correcting a recessionary gap (what we have right now), you are supposed to either decrease taxes or increase spending.

Or is that supposed to be part of your original offer?

Also, if I require a deposit, how soon is he supposed to pay it?

If they bought in 2006 for $295K I suppose it could be worth $283K now, but that would certainly make this an exceptional property.