All investor came here started with small project.I have several small size rawland here if u do have excess money from land purchase we can developed it & move on retailing. the ROI IS ONLYLESS THAN 1 YEAR after that profit will come.I forgot to say how boomed our Real Estate Investment (REI) here in our place.

u finally nailed it - "why would anyone ever sell their property 20% cheaper than it's inherent value unless they are really motivated and under duress?

I understand u r situation.

[u][b]FOR EXTRA CREDIT: How does the military person then continue to receive per diem money to pay for their new mortgage?

I am mostly wanting to priortize on accumulating solid, income producing properties but would not say no to other 'quicker $$' opportunties. nightowl/manuto23, can u PM me your email addresses?

CASH/FINANCING3. local real estate attorney who can do your closings4. title company5. inspector6. contractor (if you won't be doing repairs)7. information - from local businesses, chamber of commerce, local developer who knows the area8. a realtor who can possibly hook u up with looking at other properties in the area9. plane tickets to go view 30 - 50 properties over a few days.10.

With 4k for all 6 rented it seems hard to believe you'd get a positve cashflow with only 2/3 of that coming in with a 375,000 mortgage and $5,400 in taxes per year, not including the other stuffIn my area the ratio's between gross income and purchase price are WAY better than thatBy the way, if you get it under contract to check it out further...make sure u get some1 in there to check that gas leak.

I'm a newbee just learning, but out of curiosity how did u find this property?

-the very basics, that im sure u know allready: price, general condition of structure, property size.

always remember that those type of equations are rule of thumb to get u in the general $ amount.