Mohammad,Without knowing the taxes and insurance it seems like a good deal on paper.

Depends on type of property.

Hey Steve, with a conventional loan that may be possible would depend on a few factors. 

This includes getting comps or an appraisal to verify value, lenders title insurance,  a proper note and mortgage,  and you must be listed as a mortgagee on the borrowers property insurance policy.Our lending criteria in our lending business caps our loans at 65% of the after repair value and we control all rehab funds as we hold them in escrow. 

It really depends on the agent, I would ask what this fee is for and see what they say. 

You are just a number on their board.

What is $275/m in rent roll going to do for you in the long run on a $70,000 house?

Consistent with our strategy to identify and break ground on multiple sites, we continue to evaluate other locations in Arizona, California, New Mexico and Texas.

Does anyone has a seasoned property manager they would recommend as I enter and hopefully grow on that area?   

With less demand, sellers may be more motivated to offload properties, especially those facing higher holding costs due to rising interest rates.Also, the election season plays a major role with what's going on.