My other litmus test comes from my prior cable days, which might place it at 9X to 11X cashflow (NOI), which also places value very near $80K.The capital improvement required in the water distribution system seems like a no-brainer, but absent separate metering, I wonder if you could immediately divide the water bill by the current quantity of tenants and have them begin to pay this immediately?

I'm seeing quite a few investors work with the owners to take over so the owner can move on, through subject-to, wrap, or lease-option deals.

The Accredited Investors subject came up.

As for GPA's I graduated from Cal State Fullerton so I'm only barely literate and no intellectual threat to anyone here or elsewhere.I'm on your side regarding the subject property price point.

TONS of free information here for every subject you can imagine and many kind and helpful members.

Hi Pete,Could you sell the property to another investor on a "subject-to" basis so that you get your down payment (assuming it's realistic) but still technically own the property?

@Supreet Singh Sachdeva , you'll find more than all the demographic data and owner-occupied percentage you are looking for at www.city-data.com (plus income, distribution of commute times, household makeup and number, etc etc)

1 - If you aren't wealthy, start with Options and Subject Tos.

When determining ARV I often face a conundrum with the subject property given the variance between houses in good condition, vs flips with high finish out.Lets say these are all comparable properties, brick exterior 1,500 sq ft 3/2/2Comp 1: Sold for 149 well maintained houseComp 2: Sold for 150 some minor updatesComp 3: Sold for 165 flip high level finish outComp 4: Sold for 166 flip high level finish outOur hypothetical subject property is the same as the comps but our exit strategy for it is a rental.

The last conversation I had with my attorney on this subject was over 5 yrs ago.