For the LTR, we used(took off market yesterday while trying to decide on the said topic) market it at $2050 with concession of $1000 with all utilities paid for by the tenant.

On the paid plans, you will be able to access many more property, MLS, and owner info filters.

Homeowner insurance provides coverage for owner-occupied property.

@Francis Van Steen I would also like to know if we can have a follow up; did you decide to invest?

Tracking the owner down.  

Hi all,  I'm scheduled to close on my first 3 family next month.  I'll take any and all advice any of you have, but the two things I'm looking for specifically are: what sites, services, and/or software you use and re...

While you can't take forever and a day, because a desirable candidate has choices, deciding too quickly can be disasterous.

To decide, consider your ultimate goal, manage more tenants, and analyze potential fourplex properties to compare their returns.

If you do buy a pre foreclosure and follow all the rules and sell within 36 months any profit 80% has to go back to the original owner  who was in foreclosure.Since I made living doing foreclosure rescue prior to this . the new laws removed that activity from my business..

I might contact the actual owner and coordinate with them as well since they have may an completely different story and may be able to provide help and insight to you as well.