With good management, you can reinvest the cash flow back into the property for the next 5-10 years and bring it up to speed at which point you should have a decent property.Rarely are the folks buying these real estate professionals.  

Hello All,I want to get my first deal and Assigning a Lease option is hopefully going to be my fastest way to get it, as thus far wholesaling has proven to be such an elusive creature.I would like to perform this in the state of IL, I have done a ton of research and think I have a solid plan but would appreciate it if anyone can find any flaws in my plan or tell me where I am leaving myself open to risk.

The port of Houston is one of the fastest growing in our country (and the world) because of the Panama canal expansion. 

The bank is saying they want to wait and see if you are a good driver over time before increasing the speed.

I guess if you are one of those speed typing types then you could handle 5 conversations at once.  

So, if you believe in bad debt vs good debt, then use good debt to speed up success.

I read it on the her last deployment. http://www.amazon.com/Investing-Duplexes-Triplexes-Quads-Fastest/dp/1419537253

Check if high speed internet and cable service includes a royalty to the landlord.

I would be influenced by comps and do the improvements that would take my home off the market the fastest.  

Reading the Ultimate Beginners Guide to Real Estate Investing, listening to as many podcast as possible (at 1.5x speed=Lifehack, thanks BP), reading through the forums, and currently creating a must read book which include The Millionaire Real Estate Investor and FLIP.