Hey BP, I wanted to share a success story and hope it motivates everyone to keep on going!

C neighborhood.Repairs/holding costs: $17,500All in:  $20,500Rent comps: $445CoC return:  10.7%1% rule:  2.2%Actual cash flow:  $183/moIt's 100 years old, so I'm factoring into my expenses10% Capex, 10% ongoing maintenance. 

My wife and I have been here for 10 years and don't plan on going anywhere any time soon!

I am not an expert on this by any means.. there is a fellow in Indy his name escapes me  I think its Ken Myer or something like that.. who is big in this business and he might even have a educational arm to his business.. its probably worth the money to pay to have up front training before you step into this big of investment.I personally see this as buying a on going business not really the rental business.my experience with my unit .. is it was only 44 units.. but really nice ones it was not big enough for on site management.. so if I did this again It would have to be big enough to have on site management to show the units and keep people from sleeping in them and hauling all sorts of garbage into them like a hoarder.Don't do as I say.. but when people didn't pay and went dark ..

Good Afternoon @Jeremy Marek,I work with investors in the Sarasota Area currently I have ongoing relationships with two companies in NY and one from CA that pick up properties.

BoHome Equity Line of CreditChoose a Home Equity Line of Credit for greater flexibility with easy access to funds on an ongoing basis.

I would like to have an ongoing relationship with this lender. 

Any of these could lead to an ongoing assessment that could kill your cash flow.

I tell people I do not have time as I am spending it on clients who have made a commitment to me for my time and services.If I make thousands per hour for my time then someone asking me for free crap is not only not bringing me money in it is taking money  out of my pocket because I can use that time for clients.What might be better is paying for ongoing consulting services.

Anyone have any experience purchasing a property from a seller that has an ongoing eviction?