So that might work out well.

The roof is 5 years old, the units have been fully updated within last 5-10 years and of course I would have inspection done prior to closing.So it seems like the numbers work out well, and I'm not seeing a reason not to pull the trigger.

My wife and I were looking for an entry level house that wouldn't break us if it didn't work out.

Also, it's great to hear your success story, but how often does this actually work out, or are you consistently getting these to work out?

I've toyed with the Appraisal idea, but if these numbers don't work out them I'm out $2-3k in fees. 

I have access to a a great Private lender, so I guess I have that going for me.I've looked for Similar deals in the area, but inventory is extremely limited, and most Deals I've researched don't show the Sales price/cap rate without being a member or paying a fee.I think if the Owner is Willing to Price it based on the Income its Producing Now, then it should work out.

If it doesn't work out as you had hoped, then you always have something to fall back on.  

It will all work out in the long term.

I am a little long in tooth to do those hard of work out regimes but i passed it down to my grand son will see if he resonates.. you know these kids these days are really lacking becasue phys ed in schools is not what it used to be.

If it didn't work out, they pointed out, I could always move back to the East coast and continue on where I left off.Before I left the East coast, my reasons for accepting the offer were (1) masters degree, (2) industry experience, and (3) professional salary.