Nope--gotta get a Scranton GC license.I'm not badmouthing the city--learn the ropes and rules, and it becomes workable. 

@Blair Murphy that was a workable strategy when property prices where rising dramatically year after year.  

I'm sure someone will pick them up for nothing and make 5-20k selling them to someone else who can't make a workable deal out of it.  

I agree that these applicants are workable, as they are qualified, with part of the group. 

I do think with marketing, accepting section 8, updating, and raising rents that I could make this a workable deal.QuestionsThis would be my first property marketed towards Section 8, so I am kind of leery of the deal to start with. 

I just don't get it...Baller real estate investors think they if they share my name with someone else, I wont have time to do their 2 or 3 deals a year that are workable using the types of financing I offer ...I think they have no idea what my annual volume is or they wouldn't worry about another 2 deals/yr jamming up the gears LOL, and actually a referral to a RE investor that closes will probably get you on my short list that is capped at 25 names (good place to be, though I don't tell people who is and isn't on that list). 

From my experience, it isn't a viable business model here and is very rarely workable in my market.

So putting the property in a trust while workable for her, has some benefit for tax purposes, not so flexible for us.The attorney we use is knowledgeable in estate planning, real estate and taxes.

Sean : +1 on the Cash for keys In most cases Very workable and cheaper than the eviction costs .

You should definitely have someone lined up who knows your numbers and is on board with your plan, even if it does end up taking several months or longer for the property to season before they'll do the refi.On the surface the numbers look workable in that you meet the 1% rule with the purchase price (though not the ARV, assuming it would also be around $300k, which is admittedly less important from a brrrr perspective) and could conceivably get all your money out with a clean refi at a realistic LTV ratio.