I had a similar strategy with my first few house hacks: buy in great A & B Chicago neighborhoods....get by with minimum cash flow, and wait...What's your plan for the next purchase Michael?

Do the math and you'll see it doesn't make sense.The best way to invest: increase earnings, reduce expenses, and save.

The challenge is the that you need to have a plan for the property that will allow you to improve rent collection, lower expenses or build the equity.

Some Attorneys will provide you with the written step by step process on eviction and you can file all the paper work yourself ( this will save you some money) or you can have the Attorney do everything. 

I doubt we will buy off the MLS but I am trying to find a good way to visualize MLS data so that I can plan our next purchase and get a "steal" that I will have instant equity or rehab for equity with the goal of getting a decent HELOC going.Because real estate values are so location based, it is hard for me to process the data on a spreadsheet, because I'm constantly trying to project it onto a map in mind.To know if what I'm looking at is a deal, I would like to be able to see $/sq.ft. data visualized on a map with either current listings or preferably sold properties. 

And that is probably what has saved me over the last year or two. 

(I did not hear the noise or  care but those much closer to the house did) so be careful with these kinds of plans  in the middle of a residential neighborhood.  

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

I bought this property with a private interest free loan from a friend. the person i bought it from need cash fast so i offered them a low cash offer and they accepted.I had enough money saved up to rehab the house with my savings.

also if you plan on purchasing these mobile homes to place on the lots.