Almost all sellers will lie or hide the truth about actual operating expenses and make the income look better than it is.

Now that you know the truth about the work, let me tell you how it feels to earn an assignment fee......

If that were true, we could all go around buying FSBO homes and then relisting them with an agent for a nice profit - you'd be rich within a year.The truth is that: 1) FSBO homes are typically way overpriced, and 2) Lower priced homes (mobile or located in rural areas) are more likely to list FSBO.

As someone who may find themselves in a similar position (but with a spouse who can help augment the monthly), I would assume your two best options would be to either flip or take the buy and hold BRRR approach. 

I'd also like to know if anyone has any tips for making sure the current seller is telling the truth about the tenants, so I don't get stuck with a seller who is talking up the tenants just to get rid of their property. 

Or as long as I am open and truthful with everyone involved, I'll be alright?

@Danny Webber thank you I appreciate the truth and if I need to take more time building my cash pile to have more skin in the game by maybe wholesaling or just working than that's fine.

(I think there's truth in that!)

Truth be told, I enjoyed his second book more (Emerging Markets), but it's hard to beat MF Millions as an introduction

The truth is I would put and keep all communication in writing with the realtor and the homeowner copied.