So what you offer, no longer matters.On the listing side, there's everyone out there from very cheap, to very expensive.

Think about it- if the property is cheap and it's been sitting for a while, maybe that's because on one wants to live in that area. 

You could still get cheap stuff and cheap labor, and rents while low still resulted in about a 25% return.

You could still get cheap stuff and cheap labor, and rents while low still resulted in about a 25% return.

Hey mate,Welcome to the BP forum.You and @Jackelyn Lee are smarty pants heheI quit school at 14 and I'm a two finger pecker typer 🤓My team laughs at me for looking like a Teppanyaki chef throwing rice at someone when I type.Biggest message for you is to always keep the dream alive and to keep pushing forward.There are many unsophisticated folks out there like myself and I'll be cliche and say "if I can do it, anyone can" hehe.What one lacks in talent, has to make up with effort.I've only known one way and that is to put my head through the wall.Many others will just open the door and get to the other side lol.Not me tho ehhhYep, neck is always sore but we keep pushing forward...Wishing you much success with your real estate endeavors 🙏

With no equity and negative cash flow from the get-go, I'd say if you want a hole to throw money into, get yourself a nice boat. 

When you can buy properties like this, you can get almost 100% of your money out of the property, convert the property into a long term rental loan, with a DSCR Loan (Debt Service Coverage Ratio) where we as the lender look at the property and if it cash flows, and that is expressed as a ratio, for instance if your Total Loan payment including Principal, Interest, Taxes and Insurance was $1000/mo, then you would need a rent of $1200/mo and you would have a 1.2 DSCR Ratio.Here is an example of a cheap duplex https://www.zillow.com/homedetails/732-Broad-St-Menasha-WI-5...

The bad and cheap ones will leave you with a nasty hangover and swearing that you will never try tequila again. 

The one that actually show's you how to pick up the properties cheap enough to have half a chance at success.

Have cameras so you can prove who throws beer bottles and chairs in the pool.