It's just not that workable in my market anymore.

This route is quite a bit of work too, but might open up a little more on the numbers side to give a workable deal.

Anyone so engaged has created a ticking time bomb for themselves.That said, there are methods to handle this that are both legal and workable to handle the extension of credit for operators of all sizes.

Does this sound like a workable strategy?

All the buyers I've contacted thus far give me vague information about what they want - so instead of working on and looking for good, workable properties, I'm left with providing a bunch of Maybe's and still not sure how to present it to my buyers.This is where I've come to ask if it would be totally naive or rude to ask for a mentor (who'd like to invest in/around Pittsburgh, PA) who could guide me, at the least temporarily, on how they would like properties submitted to them and what they consider a "good find".

Your scenario would not be workable for most sellers.

It has to be workable. #2.

I walked around back and looked through the back door and saw holes all in the walls so it will definitely need some work but the outside looks workable with some TLC.

The fact you ask the question says you shouldn't be doing it yet. the issue is there was a BP pod cast and a book touting this as a workable thing for the average investor..can you imagine someone rolling into Memphis and trying to hire folks to rehab houses..

Not saying this one is a good deal exactly but if you figured the payment, taxes, and insurance plus another $100 or so for other expenses it would be more workable, assuming you don't pay any utilities, trash or other monthly expenses.Originally posted by "nationwidepi":I often disagree with the 50% rule, but in tis case, it most likely will apply.When you have gross rents of only $600 or less in other cases, the OE including, but not limited to, mortgage, taxes, insurance, management, repairs, & vacancy will surely add up to $300 monthly.Remember, as Jon said, this is a screening tool only and is based on averages.