I have roughly 5 years of formal work experience with different aspects of default real estate, although most of it is with paralegal style work, as I was at a default-based law firm and now am working at a bank in different servicing aspects of foreclosure (residential).Investing in default properties has always interested me, so I may begin there, but I'm here at BP to learn as much as possible to make my first deal a successful one.

Will of course ensure that this and other aspects like lawn cutting etc are included as tenant responsibilities in the rental agreement.

I can't help but notice that the one city that needs help in all aspects, Detroit, didn't make the list.

Any hammer banger can get the bricks and sticks aspects, you better be able to deal with one tenant before dealing with 20, 40, 80 or 200 or even 2,000!

A few things to consider:Will adding a fourth unit negatively impact the parking, or other property aspects for the existing three tenants?

I try to be memorable by playing up the "I'll buy any POS if the numbers work" aspect

I will certainly calculate that LTV, as I hadn't been considering that aspect.

Another aspect is are you looking for move in ready or are you interested in a fixer upper.

@Dev Horn - Dean's group also said that most people who pay for the service never use it, but that isn't an aspect of the gurus, that is an aspect of the people who pay.

It is a great place to meet new friends and learn about various aspects of real estate and more.