Nothing in this message should be interpreted as a digital or electronic signature that can be used to authenticate a contract or other legal document.

t=7678&highlight=EDIT: I don't mean to imply that you are unscrupulous.

And then my post was "edited" so I just left these forums because it seems someone with power here is involved.

Take digital pictures of condition of everything.

It probably is in other locals as well...Edit: I am no expert, but this very scenario has been discussed at our local REIA meetings as something "not to try" as a wholesaler.

Sure you can hold out for loans that you can discount deeply to drive up your yield but just like with real property, while you hold out for a 20% return, there is a guy who will take a 15% and for the record, institutional capital will take an 8% for the same risk most want double digits for.

@Monique B. if you need to edit something in a post you can within (I believe) 15 min.

Double digit cash on cash return is an excellent to way to start investing.Last comment is using 2% rule, a purchase price of $35,000 would give you even better results, having said that, it's not very easy to acquire.As far as rental income is concerned, I am not aware of local rentals.

I edited my post.

I'd edit it but sadly I can't on this site.