The biggest question you need to ask yourself is if you are doing this to afford a property you otherwise couldn’t afford or to save money period, that will lead to very different conclusions about where/if to buy. 

Let's say there's 3 properties in a 1-mile radius with 5b/3b, but one is a foreclosure and the other 2 are regular conventional sales.If you're doing a comp for your subject (4th) property, do you have to take the foreclosure one into consideration?

Hi Kevin,It looks like you have some money saved, that's fantastic.

@Melissa Sejour Its a great question we all had starting out.

Your numbers look good on paper, but do they reflect reality?

Give them a 30-day notice of termination and follow through on it.3.

It's not a Detroit thing.

It is in my book (available in January) and the score sheet is part of my forms package available for purchase.

The vast majority of licensees don't do any business.

No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.