High quality problem!

If the rules allow a bad title report to give you good cause to renege on your title obligations, then no, you should wait until you win the property to do a title search.

Purchase price $170K25% down: 42,500127,500 Financed over 30yrs @ 5.250 (Of course, yesterday the feds rose the interest rates.)Out Of pocket: $51,000 (Includes closing costs($10,000) and down payment.)Expenses: (Month)Mortgage: $704 @5.25%Taxes: $416Sewer:$150Insurance: $83.50Oil Heat: $50Misc: $100Total: $1,503.50Income:Unit 1 : $1000Unit 2 : $875Unit 3 : $800Total : $2,675Yearly:Income $32,100Expense: $18,042Total made after expenses: for the year $14,058Now for the amount i'm putting down would you consider this a good or bad deal?

Is this a clever way to beat out the competition to get a property you want or is this a bad idea?

Well, probably any of these places can be either good or bad choices, just need to get as much info as I can.

I signed up for Bigger Pockets Pro and calculated my numbers to see if they work out for me going forward or are they just bad deals.I am going to start looking at properties to buy this weekend and was wondering if anyone would like to take a look at a few reports I’ve done.  

In fact, most MFs are valued off comps regardless of how good or bad the income is. 

Tenant quality in middle class SF homes has NOT been the significant difference that I expected.

This way I am more prepared for the next time an opportunity like this comes up.So here are the details of the deal:3 bedroom, 1 bathroom single family propertyListing requested an all-cash offerThe numbers looked like this:Listed on the MLS for $80,000Needed about $20,000 to bring it up to meet or exceed the quality of similar houses in the areaEstimated After Repair Value (I think abbreviated ARV) was around $141,000Similar rents range from $1,100 to $1,300Initially looking at this, my thinking was that the $80,000 purchase price plus $20,000 rehab bill puts me at 70% of the ARV, and my understanding is 75% or under is the target for BRRRR. 

REITs and Rentals.SP 500 Index is never a bad choice.