Quote from @Shaun Weekes: Originally posted by @Jason Riddick:So yesterday I stopped by a client/friend to chat about a flooring project at his house and the discussion came up about a old motor court that he bought and fixed up on the beach and i said if you ever think about selling the place you talk to me first, just throwing it out there to him. he said he has been thinking about selling as he has too many projects out there as it is. he is a big local investor doing bigger projects. basically it comes down to it has about 500k in rentals each season, price in 2.9 mil, has had a major recent update, its ocean front, repeat business is through the roof, if fills a much needed niche that has been over looked in my community.

She's the lead singer of a band of the same name. 

@Shaun Weekes that's great information too, thank you.

@Shaun Grindle nice work on finding a potential deal.I always ask for rent roll, delinquency report (very important right now), profit and loss statements, what utilities are reimbursed if any, if there any down units and why are they down, then ask for last renovation of the units, condition of roof, hvac and any plumbing, electrical or structural issues.

Originally posted by @Shaun Reilly:Originally posted by @James Wise:Cleveland brought out the broom today.

Shaun ReillyThe $6m guy does not have a job, he owns a very profitable business and he self finances, at least the purchases I've seen.Even the small investors at foreclosure sales are most often doing it with their own funds.

Originally posted by Shaun Reilly: Originally posted by Ryan Richard: @K.

@Shaun Reilly and I had a little friendly back and forth on it, so it looks like each investor has to do what they're comfortable with, but just remember, whatever you legally advertise you must stick with.So if you say "Tenant must make 3X the rent in gross pay," you can't turn around later and qualify them on net.

I drive a old Studebaker and it run like a singer sewing machine.

@Shaun Lapsley   in correct you can have someone form overseas wire you funds at any time I do it fairly regularly.. they will want to use forex so they don't get hammered on exchange rates.