@Ewa Reza I agree, I don't think it makes economic sense for people to accept buy out offers if they are thousands of dollars under market, but some people like the idea of getting a big pile of cash - perhaps it is penny wise pound foolish, or maybe it is the imputus to move to a more reasonable area to live.

Also how do you do a month to month lease does the month to month lease requires a more detail lease or not.

Now, if you are dealing with another investor, someone who can be seen as commercially aware, then you have no obligation to inform a more sophisticated seller.The very best words for a Realtor to use are "see your attorney" unless they are one.Those are also the best words for investors or operators to use as well.   

At a more typical 7-8% cap rate the value would be closer to $2.25m.  

My theory (that we want to test) is this: people who listen to the podcast, who know our personalities, will react far different to the video, but those coming fresh from Google or wherever, who have no idea about Josh or me, will be turned off by a more 'casual" video.

Rents will go up over time so maybe in 10 years, you'll be getting $500 a more in rent but your taxes and insurance will go up as well so maybe you'll be making 1,750 in profits.

However, it would be a great turn of events if the combination of the two would allow combined resources to produce a better algorithm to formulate a more accurate price range.  

These things usually attract the people that support a more active, competitive and forward environment.

however, based on estimates for the work that needs to be done I believe $125,000 is a more accurate number for repairs and the ARV was too high because the actual square footage was lower than what i thought it was.

Getting a sense as to when to walk away and for how long is vital.Up next: a more official marketing campaign and some general business organizing.I've appreciated all the feedback from many members along the way as we get started on the journey!