(standard agent talk, but i needed to do some more investigating on the leases and an interesting configuration issue in one of the units, so I didnt make the offer) Lo and behold a few months go by, and the property goes under contract for about 3% less than the asking price.

A bad run or goofy configuration can cost you a ton.

These cards are configured to allow the tenants to deposit only via the teller or ATM.

Or some other configuration (They might do the purchase but you do the rehab).

These take a little more in configuration on the front-side. but well worth it for me being free and all.

Maybe its worth something to a commercial tenant, but then maybe its not currently the best configuration for commercial.

Account ClosedBefore you even talk to your neighbor, you will want to do some basic homework on this property (configuration, size, size of lot, rough idea on ARV, etc, etc).

I've seen a couple of houses in this configuration, and many have put up a wall filling the arch, turning the front of the room into a bedroom.

In order to avoid such practices, we based our investigation on a specific area (see the map below) with a specific configuration: 3 bedrooms 2 car garage, 1,200 to 1,500 SqFt.Property PricesBelow is a chart showing the monthly average $/SqFt sale price between 2008 and 2014 by month for conforming properties.

Don't waste precious energy on trying to configure something that just isn't there.