What I would recommend is to utilize an online application or paper application so that the tenant doesn't have to pay an application fee just to submit the application to you.  

However, it was a basement apartment and had a friend living upstairs to handle towel laundry and straightening up after visits. 

These abandoned "Blight" homes have been in the news paper, in front of city council and even had laws trying to force owners or lien holders to do something with the property.

Let me know if you want to sell your paper.

I sold a property about 4 years ago and held the paper as a 1st.

(Hard money) If you're looking at getting a conventional loan, get pre-approved first before you start looking for deals.2: Putting a house under contract means to come to an agreement with the seller, put it on paper (contract), and have them sign it.

He asked me how he would go about raising the rent, and possibly converting the lease to a paper contract agreement.So my question to you is the same.

@Jacob M.Like @Cameron Tope said, knowing what your criteria are is essential for determining if something is a deal for you.COC is a rather shallow metric, especially when comparing with other investment types as it doesn't take into account the advantages of leveraging, on paper losses and other tax advantages that you get with RE.

The company that manages all HUD properties (CWIS LLC) determined that the property was in too bad shape to sell via Hudhomestore.com and the property was supposed to go back to Wells Fargo.

Every wall and ceiling in the house was papered.