Love Derrick E's take on his approach directly working with 'listing' agents and not needing anyone to negotiate or translate (or get in the middle) for him. 

But figured someone in this forum could translate it for my current situation.

If you start spending thousands modifying it, it may seem better to you but that may not translate into more profit.

Translate what you learn as a passive investor into your active investments.

You really want to try to buy well below retail so you have some built-in equity.If you're intending to apply leverage, and you can find the right lender, $1 million in cash translates into $3-4 million in purchasing power.

If you let them explain your plan to the owner they will almost always lose something in the translation.

Translation: if people like Joe can't legally operate as money finders, the people that are owed the money will probably NEVER know about it and the state will end up getting to keep it.Also, in reading your quoted text above... who in their right mind would think they got to pay $500 to an investor, who would then pay $37000 in taxes and let them stay in their house?

Increasing rent by $50/mo translates into $600/yr or 8% increase.

This translates to $3000 annual profit and 12% return on your $25,000 investment.

Translation must submit all subsequent offers to the lender.