You might want more money per door on a property that has more deferred maintenance simply because you'll know you're gonna have some bigger expenses coming up on the property sooner rather than later.

She has a doctorate In psych and says In her experIance any low level quack counselor can write that slIp up for a person to get a mutt approved for somebody who stumbles into their office for a half hour of therapy.

add “Exhibit A” with Contingencies.Within 10 Days of execution, Seller shell provide Buyer with any document related to the property, which sell include but not limited to:1.Leases, amendments, modifications2.Current or future lease concessions3.Security deposits4.Current rent rolls5.Current rent arrears6.All maintenance, utility, management, service, and other contracts.7.Financial statements for the past three years and a year-to-date financial statement.8.A description of all capital expenditures performed in the last 3 years.

@Darrick Lowe A few things to keep in mind:* If your current PR is within 100 miles of the new PR, and doing an FHA loan, then you will not be able to use rental income from the current PR to qualify for FHA financing.

Obviously, their mortgage payments have been quite low, but our PITI payments will be roughly $2100/mo. 

If the value came in low enough you can still work on lowering the taxes, but otherwise getting credit for an extra bedroom per unit is a good thing. 

You need financing, property management, contractors and maintenance in place before you get going.

Need $25k repairs (estimate) and ARV is about $260k.According to 70% rule.. my offer should be ($260k x70%) - $25k rehab = $157k.Again.. the offer seems WAY too low.. and there is no way me (or my agent) should waste time putting together an offer.What am I doing wrong here?

The more you borrow, the higher the returns but the greater the risk.A 50% mortgage would provide far better returns than paying all cash and it's extremely low risk.

I would also increase your vacancy, capex and repairs # at the minimum as they are very low.