If you get that opportunity when they say be there at 3 you show up at 2:45.

I live 45 minutes from my investment community so I don't want to waste time on people who are not serious.I assume you ask questions like why are you selling, what are you looking to get for property, and what deferred maintenance is there....Thank you in advanced as always for your input.

My family is in Vermont, so the goal is at least 45 minutes to 3 hours distance from their location.  

My father has been in the buying and selling (mostly commercial) in real estate for about 45 years and he has taught me a little bit.Always do a math analysis and look at your prospective properties before you make an offer or at least have a clause in the sales contract that allows you the time (about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you too much.  

If you have to finance, a pre-approval loan letter that says how long it will take to close you and the maximum amount you are qualified for.My father has been acting as a broker buying and selling real estate for about 45 years and he has taught me a little bit.  

HUD requires cash transactions to close within 30 days and financed transactions to close within 45 days.  

I do commercial financing for 80% of the price 4-5% interest and then ask them to hold a second note for 10-20% with 5-10 year terms.This let's me conserve my down payment capital for other deals, and gives them a chunk of cash and some income.

The first flips were during a super hot market, so 1 was an easy rehab and the other I purchased at a discount for cash simply resold 45 days later for profit.

Here are the numbers - Purchase price $144,900, rehab $45-50k, ARV = $250k, rehab time approx. 7-8 weeks.  

On a home that had been properly rehabbed, this should be a sound financial investment.Considering the fact that you are investing in real estate with unknowns - tenants, unforseen maintenance issues, insurance claims, etc - to me - a 4-5% return doesn't seem like an adequate return on my investment (risk vs reward).