For a good description on the difference between investing and speculating (the greater fool theory) read the first few chapters of the book below: A Random Walk down Wall Street: The Time-tested Strategy for Successful Investingby Burton G.

(Pick an agent who will give you best bang for your buck rehab advice, post great photos, write great descriptions, etc.)

Listing would include high quality exterior & interior renderings, floor plans, description of finishes, plus something like "still time to choose your own counter tops, vanities, colors etc... home under construction and finished Sept."

It looked like the property was seized and taken (also in description when it got listed at sheriff sale) and had maintenance company's information posted at front door.I did some research and i found out that owner purchased it in 2014 and had it on rent in 2014 ...

More descriptive info below - Our current house is a 3 bd 2 bathroom house.

.#5 Make Decisions Based on the NumbersYour real estate investing strategy should include the financial parameters by which you determine if a property is worth purchasing.Your strategy may include details about: Purchase price range.Investment cash needed for repairs and upgrades before leasing to tenants.Financing strategy for the short and long terms.Bargain purchase (the percent under fair market value a property must be purchased).Immediate value increase (the percent in increased value you expect after making initial repairs and upgrades).Geographic area.Net income.Cash flow.Net cap rate (annual net income/total value).When you find a potential investment property that fits within the guidelines of your real estate investment strategy, you can pull the trigger based on the numbers rather than emotions and personal preferences.#6 Don’t Buy from Unmotivated SellersMotivated sellers are usually willing to work with buyers, so focusing on finding motivated sellers can result in making great deals as a real estate investor.

Sorry-should specify that I would be looking for comps within a given geographic area instead of a comprehensive report provided by a service.

After reading about so many different ways or avenues of buy and hold, I think acquiring homes that I can turn to HUD/Section 8 and still cash flow is my more descriptive plan.

I'm still trying to figure out how to reply to specific posts :-/It sounds like there's probably not a large volume of timber on the property, based on your description.

@Jim Welch I just check the property out if you are getting feedback on the W/D hookup being in the kitchen then I would take that comment out of the property description.