Sometimes you can talk directly to the owners.Use the Internet - Websites can show you houses that are being sold because the owners couldn't pay their bills or are in other kinds of trouble.Check Public Records - Look at official papers to see if a property owner is behind on taxes or other bills, which could mean they need to sell fast.Study the Market - Learn about how much houses in that area usually sell for and how much you could sell it for after you fix it up.Be Careful - Make sure you investigate the property fully to see if there are any legal problems or money owed on it.By using these steps together, you can find properties that might be a good investment because they need work or are being sold at a lower price than usual.Kind regards,

I can only imagine that legal bill.... 

I was planning to bills my own software based on my books, when I first saw houseflippingspreadsheet I decided that it was close enough to what I was going to build that there was no reason to replicate it.It's not exactly what I would have built (like you said the methodology and format is a little different) but it's definitely just as good, if not better than I would have come up with.

Also the title company said I had to pay all the water bills on all four houses for bills thru the close of escrow date.

Some of those variables are the size of the park, number of vacant spaces, the number and type of park amenities, the age of the park, underground infrastructure age and condition, park location, size of the market, city water or well, city sewer or septic, other utility sources and whether or not they are direct billed, deferred maintenance, cost of management, and more.

You could read 100 books and still not know enough because certain things must be learned through trial and error.

You could read 100 books and still not know enough because certain things must be learned through trial and error.

Hi Calvin,We pay for all property management technology fee's, etc... and that isn't a separate bill per se.Those are our standard operational expenses so on us to pay for.It would be like McDonalds charging a per burger fee for tech they use hahaWith that said, many folks don't realize how much it costs to be a full time "property manager" and not par time property manager like many realtors are forced to become due to client demand.When you are a brokerage and only focused on property management and not sales, it becomes a very expensive exercise making your company efficient and being able to offer an above par service to tenants and landlords. 

The judgment will most likely be worth as much as the paper its printed on and all you will have to show for it is a legal bill you will be paying your attorney.

Very simple math of $10 x 3 x 365 is $10,950 per annum and these violation are over ten years old, this bill could be huge if I am liable for the daily element of the fines.https://www.nyc.gov/site/hpd/services-and-information/penalt...)Thanks for your help - long time reader, first time poster.