I sense great danger Will Robinson!

Providing advice based on old methods is dangerous now as we are now talking about violations of federal law.Contract for Deeds BTW, as they use to be with a quit claim deed has new issues as well as such as a security agreement is now seen as circumventing foreclosure laws an can land a seller in court for an unlawful foreclosure.So, much has changed in just a a couple years with financing arrangements of any kind, most of the old ways are out the window an we need to take care in what is advised.But, you're right, you nee to fin the seller's needs an address those to make a deal work

Sometimes an investor's view has more substance than the appetite of an agent who may mentally inflate the value (sub-conciously) because moving the property equates to getting paid.I must admit, whole-heartledly...

The problem is that at the beginning is the most dangerous time to be over leveraged because you won't be nimble enough or have a big enough track record to be able to cover the risk.

NOTE: This property is too dangerous to allow interior inspection."

I know just enough to be dangerous and enough to know there's good money in it.

Trust me, by no means will I put my family in danger.

The owner had no idea he and his family had been living in danger of a catastrophic fire.2.)

Also because usually all uits are the same age, you have the same thing go wrong around the same time, costing double for repairs -Ex: one 20 yr old AC unit goes bad - two months later, the second 20 yr AC unit goes out.so those are things to think about...As a first time landlord 3 tenants may seem a little intimidating at first, but you may find that much like wild animals, many times they are more scared of you, than you are of them - just don't let them smell blood, cause they can still be dangerous.

It is in my opinion the most dangerous transaction you can do, without the right knowledge.