Meaning, they were given realistic numbers and weren’t blatantly lied to?

We buy in Gwinnett and now the out lying counties.At first we where afraid of the hedge funds.

Learn them and do not violate them.Here's the biggie: people in prison are known to have a constitutional difficulty in telling the truth and will sometimes lie when the truth would sound better!

That's the one thing I've learned....when people are facing eviction they will lie about anything.

It doesn't lie believe me .

When you buy something with a tenant in, verify everything that the sellers/agents/tenants tell you.I'm not saying that everyone is lying but very often when landlords try to sell their buildings, it's because they can't stand the tenants or lose money one way or another.

If not, you're off the hook, and if they say they do meet the criteria, a credit check will never lie.

So it boils down to confidence in my analysis and domain knowledge.7) Rationally, math is math and unless I made a horrible mistake in one or more assumptions, the numbers do not lie. 8) In my current analysis/screening of properties/deals I am looking for a) positive cashflow;b) operating expense ratio <50%; c) debt coverage >=1.5;d) PE <3;e) Cash-on-Cash of 10-12+;f) BER <=75 (80 at the max)g) I tend not to be driven terribly by the CAP rate if the cash-on-cash is good - in the local market it is extremely rare to find a multi-unit with a CAP >7.5 to 9In our analysis we use an opportunity cost of 8%; a maintenance & CAPX set aside of 10%; and assume a vacancy rate of 8.33% (1 month in 12) ... we try to be conservative9) I do realise that while the above ratios have been fine for us, they may not be sufficient for a potential private money financier.

Not gonna lie... smells a little fishy.

Does it lie in the city limits or county??