I've been tied up working relentlessly in an attempt to have a smooth start up for my business and I haven't been able to post at all.

I see this as your only recourse in attempts to reclaim your EM.  

I've been attempting to purchase an REO in South Florida. 

The seller bought this property to attempt a flip. 

However with a tenet, it would likely only be picked up by someone who is interested in buy and hold properties.However based on the asking price and the current rent income, that doesn't seem like a great deal, so attempting to get a little piece of the action and flipping it to someone else would make it even less appealing.

I am attempting to invest in a part of town that is improving and I am happy to do my part in keeping that trend going in the right direction.

Some of the LL I know that rent to students require payments be paid by semester or school year in advance to attempt to minimize any lost rent.

Ned Carey I am going to make my second attempt getting in touch with this seller.

I am attempting to create a format that is conservative, assuming ERC and ARV estimates are correct.

Criteria for pulling comps- within +/- 20% sq ft of subject property- within +/- 10 years for year built - same or similar number of bed/bath/garage -Attempt to get comps with same exterior and construction as subject property-For an actual wholesale deal subject property needs to be $0.70 cents on the dollar minus repairs, or there is not enough spread for the end investor.