I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

Here is the rental analysis data on how we came to $1,610 per unit and, when manually comp we find that's dang accurate for 4br.

Insights on cap rates for apartment building in 44313? I know there are variables. In analysis of subject propert the cap rate for 103 property in this area is 5.4%. Requesting investors insight in this market.  Thank...

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

There is a gamble there that the second appraisal comes in at or below the first.

If the market value mentioned above is accurate and the “initial” loan balance hasn’t increased by rehab funding, I wrote above that the proceeds are just a couple million after closing costs and commissions.

(If that number is accurate)…

Then the person is soured on gambling on real estate and not around here to answer questions. 

At any rate it is possible, but depending on your appraisal it could be a gamble

For example, say I have a foreclosure, or expired listing lead that I would like to find accurate phone numbers for for prospecting.