@Gabriel Meerzo  you don't have much if any risk save a few thousand bucks.... worse case scenario the loan gets called on the sub too or alienation of title.. and if you can't refi its the seller who is going to get burned... not you... you could lose your investment but you really had no cash in it any ways. your just buying 300 a month in come and will work for that income by landlording it.

Also, go watch Denis Leary's documentary "Burn".  

That person will be hungry and willing to burn the time and gas showing you houses.

Hi Everyone,I remember walking into a Agents office in Scottsdale a few months ago, and they had 3-4 people on the phone, burning through entire zip codes asking if the home owner was interested in selling. 

Her husband and her are too burned out to manage the large project so I proposed that they pay for the construction and I manage the entire project for them. 

Long story short her tank exploded as a result of her smoking and the house almost burned down.

The short sale experience left my credit a tad burned.  

That being said its burning.

@Anastasia WardOnce sellers start getting the idea that you can AFFORD $200k, they will hound you (charmingly and sweetly), until they relieve you of all that cash that's burning a hole in your pocket!

I was thinking that the courthouse on eviction day would have a more concentrated population of burned-out landlord... does anyone else have ever tried to go to the eviction court and try to open up a conversation with burnedout landlords?