I had a friend who was buying non-performing seconds behind performing firsts (a small market for sure, but one with lots of obvious potential).

.($1,000,000 - $25,000 = $975,000)As a seller you probably have a listing agent to pay too on top of your transfer taxes, closing costs, etc, so the net is less than that obviously, but we are just focusing on the buyer agent compensation piece of it right now for easy numbers!

Totally doable if that sounds like something you're willing to do.If you were looking to go that route, I'd recommend getting a Customer Relationship Management (CRM) software to keep track of leads and follow-ups.

I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split

While I am totally new to this venture, I am driven by a passion for investing and the potential it holds for creating financial freedom.

For example, (for a normal buyer) on a half duplex your total monthly payment to own a 300k place would be 2484 whereas rent on that same unit is going to be 2100 to 2200. 

The total project budget is approx. $2.5M. 

Hi, my name is Shawn and I’m totally new to real estate investing.

I told her the total remaining would be $750 with late fees on Oct. 20th.Oct. 20th came and went, no payment. 

You've obviously read renting out properties is easy and profitable - but, have you looked at when the material was published?