Over time the return on your initial investment tends to increase however because the value of your property is going up the return on your equity is often dropping.

He was very helpful and there was no charge for an initial meeting and consultation where he answered any of my questions. 

From my initial reading into the local economies, it seems that Worcester is the main powerhouse town and Shrewsbury is a more recreational, commuter, rural town.

Initially I'm looking for turnkey investments within or out of state.vishal

Also, a CPA can help you set up your books so that you are able to track your income throughout the year so that you can make sure you are hitting the numbers you initially forecast.In short, no, you do not need a CPA to do this, but you may find that a good CPA is well worth their fee in additional knowledge, tax savings and advice in the long run.Best of luck!

And I have to go elsewhere to verify if they are true comps anyways, easier to just use Redfin from the start.We took a VERY different approach to comps by using an automated valuation model to pull the initial comps rather than the typical +/- 200sf approach in all other comp systems.

So it just seems odd that they would lower the price way below what our initial offer was.  

Always have a contingency in your initial offer, especially on "as-is" properties, that the offer is subject to an inspection regarding the foundation, structural integrity, etc. 

But I think that if you can calmly and coolly and methodically prove that the value is only $X, while he may reject your offer initially, so long as you maintain a decent relationship he will come back to you after it sits on the market for 6 or 12 months.Unfortunately, that is a waiting game you may not be willing to play and you will be dealing with somebody who is far more emotional than logical about the whole situation.

I've spoken with several sellers on these types of properties, and asked why they bought them initially. 1.