College and cubicles are not the true paths to wealth, health, or happiness. 

Promises of doubling your investment in 5 years/15-20% returns seems too good to be true, yet also worth researching more.

If you go with a true provider, they should have done everything in-house prior to purchase.

This made me giggle - as a real estate agent/broker we should all be used to spam and junk mail and buyers/sellers that aren't real...it's part of the gig in my opinion and it's always fun to find the true gems out there.

Since I was only given an overview of the financials along with those leases after signing a confidentiality agreement, which seems to be typical around here, I would make any offer contingent on not only getting those tenants to sign a new lease, but more importantly receiving the past two or three years' operating statement and tax returns when I can do my true due diligence, including inspection period, etc.What surprises me most is that the current owner bought this property for $950,000 back in 2004, and is now asking $795,000. 

While it’s true that every project’s cost will “depend,” a good contractor won’t hesitate to provide an estimate and include variables.They do provide an estimate, but it’s far lower than others.

@Nick Gann Very true... it's what I do now with all of my projects. 

You will find the same is true with the auctions and sheriff sales... there are just too many people all competing for the same deals.

This holds true even when I already have an FHA on my current owner occupy?

This one will likely not cash flow, or not very much.You are correct, true cash flow is tough to find.