Buy wisely and watch the budget and you should have instant equity. 

A lot of sellers are burned-out landlords who like the idea of "passive income"/mailbox money after years of chasing late rent payments, dealing with tenant BS and maintaining the property (I use quotes for "passive income" b/c no income is truly passive IMO, a wise seller will still pay attention to what's happening with the property in case they need to take it back, but collecting payments like a bank is generally easier than collecting them like a landlord, you can set up ACH with the buyer's bank or hire a loan processing company to handle it). 

Was talking to someone who has been in the Real Estate business for a long time. We drove around for 3 hours and looked at the land he owned. During that time I took note of some important lessons he had to offer. Wh...

When it comes to wisely investing our hard-earned money, it's important to consider the data, seek advice from locals, or even visit the location in person.The cost of living in Jackson, TN is 4% lower than the state average and 14% lower than the national average.

There is ZERO difference tax wise between a Florida land trust and an LLC.  

Quote from @Michael Smythe: @Keren Mayorov be sure to speak with @Engelo Rumora and @James Wise Thanks for the mention mate.G'Day Keren,Toledo, Ohio rentals are our bread and butter.Others on the forum are better suited to assist you with the Cleveland market.Wishing you much success 🙏

A wise investor will not try to get rich quick with shortcuts.

Also see what the Heloc would be interest wise.

I don't think it's wise to get involved in their legal troubles, and if they found out their landlord reported them.. think of all the damage they could be.. yikes!   

@Jay Hinrichs @James Wise @Chris Seveney   Love your answers.