The logic being I do not want to reduce the repairs and other costs by the percentage.

I can't stress enough on how you really need to take some time and learn about the AdWords environment before you just throw your money at it.

I cannot stress enough how much you can save by buying REI books and "No Money Down" kits off of eBay from someone who never used them.

In Carlton Sheets course he stressed that when you're just starting you goal needs to be to just do a deal, because once you've done one it would only get easier.

After reducing the price further do you really think any of them will still be interested in your low offer which is now even lower.Worse case scenario of not looking at the house and without knowing of any repairs; you usually need carpet, paint, maybe tile, updated fixtures, maybe crown molding, maybe alot of things actually.

What if I could reduce that purchase price to $135K?

We have a management company, but the stress continues.

That would be the new loan amount at $42,000, and reduce the cash out to $15,700.If the rent supports the loan amount, and the $26,300 includes both purchase and rehab, this may well be a good deal.

You get 4-5 inquiries on your credit report and they think you're about to file for bankruptcy.Also, banks take off 25% of your rental income reducing your net.

If you find a property that has tenants in it and the owner is charging what is about the going rate in your city, it's very unlikely that they will somehow be willing to reduce the price by 30%.