I have a question and wanted to pick a couple of your brains for advice.I inherited a property which is valuated in excess of €350,000.

The excess money goes to my current revolving credit card debt and truck payment with my 2 other loans and I pay off and that frees up 620 extra bucks a month I take care of the place for a year on my current job with my wife making 3300a month and then get this house leased out or rented then that people help pay my mortgage and costs then I get into a better mobile home paying about 300 a month and saving towards the next property soon after that year and making the next down deposit with my own cash and owing no one except the next person to fund my next apt complex!

I know the market is red hot, and we are not in a hurry as we are looking to invest excess cash flow into a couple of houses a year over the next six or seven years.

A couple of thoughts from a curmudgeonly old home inspector re Redfin and R.E. sales in general. 1) Judging from your excessive use of exclamation marks you're a natural for real estate sales!!!! 

Do this in a market with an excess of rental housing supply and you're going to suffer vacancies. 

This is what Ohio is doing with land contracts which the reason they are done in Ohio is because of the excessive cost and time to foreclose.

It really makes sense on commercial properties with acquisition price in excess of $500,000 and some to major rehab having been done.

@Brad WarshawFrom your other thread:"I bought a condo at the auction that has water damage and mold in excess of 15k to repair."

I bought a condo at the auction that has water damage and mold in excess of 15k to repair.

Your total debt will be in excess of 500k..