Help me analyze this deal
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@Guy Harris - Hey Guy, how did you find this 60K property? Are you getting a smoking deal or is there something that is severely wrong? I saw in your equity section the ARV is $125,000. There are not too many situations you come across finding a 60k property that rents for 1,250 so my first instinct is to be skeptical. Is this a manufactured or mobile home? If so, I would not allocate any appreciation as this is a depreciation"asset" similar to a car. If this is a normal home, does this require a significant amount of rehab? Why are the taxes only $83 a month, sounds very very low. What data do you have supporting your rental and property value information?