Looks like a good deal, assuming $42K is below retail for the house and there is rental demand.

Is there high demand for housing?

That's the mere definition of "worth" or "value", and the basis of supply and demand.

Remember that they only have 30 days to investigate and if they can not produce this demand that it be deleted.

This market is a little funky because it stayed flat in 2008-2011 because of strong military demand, then started to decline in 2011 because of force cuts.Thanks for the input.

He has a very demanding full time job.

It is also only three blocks from the local technical college and three miles from the local university, so HUGE demand in areas like this.I just looked up the matrix for the zoning as was mentioned in a previous post and I DID find that a sorority or a frat house is permitted under conditional use...

If you have a defaulted student loan, the Mortgagee will demand the account either be cured in full or brought current.

One disadvantage is in hot markets with properties in demand the foreign investor can't waffle and needs to act quickly or you will get beat out by locals who already know the market.

If the demand is high for that particular area, I would price it around 5% higher than the highest comp there in the last 90 days, assuming you have the same condition.