Hi all! Can someone please tell me, what are the best ways to source and bid on Foreclosures? There are so many websites and of course, most cost money to join. Thanks in advance!

Quote from @Victor Correa: It’s Mobile Home with Land I’m taking over both land payment and Mobile Home payment and right as of now is considered personal property but you just open up my eyes and I’m thinking what we can do is convert into real property and then transfer the land and that way it’s attached to the land Your thoughts?

They switched to a PM company I recommended, and within two months, they’d evicted the tenant, restored the unit, and leased it to a far more reliable renter.

For example, they may have an account in collections or a short payment history on a recently opened account. 3.

Even if you didn't manage them, your management payments would be astronomical because it would be unlikely they are all in the same area.

@Carini Rochester I agree with Greg but to be clear Good Cause does not require a landlord to provide free housing, it just forces them go through the onerous and expensive and lengthy process of actually going for non payment eviction instead of a hold over proceeding, when the landlord knows that a monetary judgement is worthless and just wants possession of their rental unit back so they can fix it back up and rent it again hopefully to a great tenant.Also the problem with all this is that from 2019 to now, landlords have gotten used to having economically or physically vacant units and have priced that risk in. 

The seller becomes the bank and pays capital gains one time on the downpayment (which keeps it low to make sense for them) and then also monthly on the payments (also incentivized to just match how much he wants a month).

Consider how you’ll finance your purchases and come up with the down payment.

A good property manager who knows Memphis well, a reliable contractor, and an experienced agent who specializes in investment properties will be key.

but, it's not going to be "profitable" for several years, depending on how you define profit.you'll have a down payment, then closing costs - which new investors always seem to be shocked by - then potentially some costs to get a property rent ready, then you'll pay a month's rent to get it listed and rented out, then you'll likely have some repairs after the tenant moves in.