Or is this where a partner with capital comes into play?

Let them have the facts sink in then see if they want to play ball.

Shaw Rivera Since we've not had a chance to meet at a REIA yet, I could take a call and role-playing as one of your interested sellers.

That could be a realistic play in Nashville right now.

How you get rid of ones playing games saying they will close is to make them put up thousands and thousands of non-refundable EM.

I find sites like zillow, redfin, trulia, etc give me all the information I need to determine ARV.If you have an agent that will run the info for you, then great, but I just use these sites and play it on the safe side.

This better be a turnaround play or I wouldn't buy it at all.Can you really raise rents AND make tenants pay for utilities?

Better yet, call your competition to learn what you have to sell that they might not (such as laundry hookups, large yard, whatever) and play on that the next time somebody raises a fuss about the electric heat.I would consider lower rent as a very last resort.

How does this kind of thing play out?

Joy of working short sales I guess.Rough numbers are:Purchase: $180kRehab: $8kSale: $250kI was gonna change the floorplan some and update more and sell in the $275k range, but I think the better play is to just do paint, carpet, clean up and flip it quickly for $30k or so after holding/sales costs.Had some new private lenders not come through so its either find some money or a partner or go institutional hard money...which doesn't appeal to me.Open on terms and split depending on how the work/money/experience shakes out.