It doesn't seem like a great deal to me.

It sounds to me like the financial planners need advice!

from Australia it looks very strange to me I see homes for sale starting from $1, take 1 mile out of Chicago central I see a 3 bedroom house for something like $7,000 which seems rather cheap for a location so close to the centre of the city.

Paula Serber This sounds a little suspect to me.

It seems to me that if you have no intention of selling or pulling cash out it shouldn't make any difference to the investor since the monthly payments would be the same, but the seller may be more willing to give a lower interest rate than a lower price.

See what it sounds and looks like to me that many are in love with these properties and are afraid of rejection.

Jon's back of the napkin numbers look pretty reasonable to me but they might just serve as a starting point for your offer.

Im new on here from northern ohio looking to get started in the exciting world of real estate and hopefully getting to me fellow investors from the northern ohio area

The only difference is with my current perception it makes sense to me why they will get bailed out.

I don't calculate DSCR and have never had a bank say ANYTHING to me about it (although I'm sure that they calculate it).