I like the idea of adding value as long as you don't spend too much cash and/or plan to do a cash out refi at some point to keep your cash working for you and getting a good return on equity; the biggest advantage with this strategy is the low down payment with the lowest available interest rate.

It depends on what you are spending on the deal.Sounds like it is about 50% expense ratio at 54.55% which I think is along with industry standards.The net income looks like its $23,543 for the seller.What is his interest rate?

You spend 500 hands-on hours in your STR business ORB.

If so, spend more time in underwriting, if not, let it sit a while and/or call broker to figure out why they are pricing where they are when sellers financials don't support that value.

I really dont want to spend days in the courthouse looking through the files.Probates Daily was so awesome.

Although I have not yet purchased my first tax deed property, I have been spending a considerable amount of time researching the tax deed sale process and the tools that can be used to streamline the process as much as possible- one of those tools being PropertyOnion.com.The website seems to provide a wealth of knowledge for pretty much any property you'd like to research, and provides data that could be useful to a variety of RE investors.

That’s likely a D neighborhood.Databases that contain information about household demographics, renter/homeowner ratios, incomes, school ratings, and other statistics would also be useful.

I wouldn't be investing in any new city without spending a lot of time on that site first.

If by real estate business you’re implying you have little or no money to invest but are contemplating using one of the guru inspired methods (subject to, “wholesaling” , fix n flip) to create cash flow, I’d encourage you to do research on the true success/failure rate of people who engage in these endeavors, the amount of money the successful operators spend monthly on marketing, and the real time commitment and knowledge and experience necessary for success.  

You will eventually collect unless he has decided he wants to spend the rest of his life on welfare.