While this seems great, It's only been 1 deal, in six months of driving driving driving (over 2000 properties), mailing absentee owners over and over (1,700 properties), and scouring the internet for possible deals.

It is interesting how things evolve.Back in the day newspaper ads were considered very affordable and high impact.Now with the internet the prices seems very high since there are so many dirt cheap and free online places to advertise.

turns into a "claims"... ah the internet...

My older tenant who "doesn't think the Internet is safe" deposits her check at my bank.

I think it looks like a good purchase as long as no differed maintenance pops up, such as a huge plumbing issue or anything else like that.Have you thought about how else can you get additional revenue, like laundry machines, wireless internet with a month access code, DVD rental, or vending machines in the common area?

There is also a lot of other info on the internet about buying HUD.

“Interior design professionals once ruled the roost, but that’s all changed with design TV, blogs, and the internet.

Get those min bids, work quickly to whittle down the list to the ones that fit your criteria, research those homes best you can in the internet, drive by them and go bid.

As for your operating agreement you can find free templates all over the internet, You can try this one to see if it works for you: http://www.northwestregisteredagent.com/pdf/single-member-managed-operating-agreement-long-form.pdfGood luck to you!

The relative anonymity of internet posts lets people just shoot off their mouths via their typing skills - I always wonder if the same exact words would be verbally spoken if a real person was standing right in front of their face.