I've been called that from about 6yo.My personal preference is to start small but not knowing to much about the game here is limiting my view on how far I can make the 200k go without being able to borrow funds (and which market I ultimately choose to invest)I have completed a 2 page business sketch stating that I'm happy with 2-3 projects in the first year as I'm not putting a ton of pressure on myself time wise.

Here's a link to google street view.

Here's a link to google street view.

But, from a conservative analysis point of view it's where I would start until you can physically walk the property. 

Commercial loans use the similar underwriting but add aspects of management's abilities, time in business, capital reserves, net worth, income and proforma (future estimates of income), business credit, along with anything else they may view as a risk to their loan. 

I am an experienced landlord with conventional SFR's in my area heading out for my first HUD foreclosure walk through.  Offers due by midnight tonight, sold "as-is".   I have read the rule of offering 70% of the ARV m...

Again, each person has different risk levels and it is important to stay true to your views on risk, but hope this gives you a different perspective to then make a sound decision.

NONE of this makes your rental unit uninhabitable.Frankly, I hate it when tenants view a legal contract such as a lease as nothing more than toilet paper.Gail

It's crossed the threshold into "A" territory in my view.

Getting someone else to give you there house so you can profit from it is a difficult task, but a couple points you can make to sellers, depending on their situation, to help them see your point of view and want to do the deal are:- Earn Hassle Free Profits- Get Multiple Pay Days- Sell your house with No Commissions- Rent your house Without being a LandlordThis all stems from the strategy of the Seller receiving an upfront Option Payment, Monthly Rent Payments to cover their PITI, and Profits when the property Sells.