Imagine the 2nd property is a 4plex, each unit can be rented $1500/unit of 75% =$1125 x 4 units =$4500 worth of income to offset your that 2nd property.

The extra cost is typically well worth the benefit. 

If you're not timebound in a deal it could be worth paying these guys separately $250 for their time to walk you through a house and build out an estimate, that way you have an idea how they work for future projects.

While it doesn't meet the 1% rule it's in a stable, desirable area that'll perform more consistently for you over time so it's worth the tradeoff in my opinion.

I actually have a house on the market that has been listed for about 60 days - still gets interest and a couple offers, but nothing worth entertaining (if it doesn't sell, I'll just rent it out again).

It'll take you a while to replace your $60k income...Assuming that you make 2.5% per deal and pay your Broker 1/2, you'd need to buy/sell $5,000,000 worth of properties per year to equal your current salary.

Assuming the ditch is a foot wide that's almost 14 yards of dirt, which is a full size dump truck worth of material. 

Of course, you also have limited liquidity and control.I am a full time passive investor, so I am clearly biased - but passive investing might at least be worth a look. 

It's worth about 175k, and he's willing to take 140k for it.

Tosta’s settlement is subject to court approval.The SEC's investigation, which is ongoing, was conducted by Kendrack Lewis and Melvin Warren of the SEC's Fort Worth Regional Office, under the supervision of Sarah S.