I don't want to get into places that require a whole new roof, or new exterior or all new mechanicals.

These deals are not a mechanical process as sold by the gurus, there is no step one to step two transaction.

If I can find a partner to sign for the mortgage she will sell for 25K.The Deal:2 bedroom 1 bath SFHAssessed in 2013 at 51KRents in the area average $750-$850 for a 2/1Taxes - $1900No structural or mechanical issuesNeeds carpet and maybe paint.

Make sure all mechanicals are good.

All of which iare a mechanism to generate hefty fines.

Still have 10 years on the roof with newer mechanicals.

And a mechanic's lien is also an option for an unpaid service.

3.When was the last time mechanicals were updated?

I have not figured out the mechanics of it all as yet.

Well since I’ve been in deep thought on putting rentals in LLCs and asset protection past few days on Ali’s blog (thanks Ali) I would propose the first thing to do would be to identify and rectify any mechanical or electrical hazard issues.