I spent months driving around Baltimore to really know and understand each area and neighborhood (I marked in a paper map what blocks do I like and which ones to stay away from each area I liked) and networking with local investors to really get a grasp of the city. 

@Jorge De Jesus - Sorry for the late response.No - I am purchasing the house and holding paper for the buyer.

It's essentially a pay out for a change on paper that doesn't affect the neighbor's use of their land. 

Figured it had gone up, secondary to stocks and all paper investments yielding higher returns recently.  

I dont use a calculator , just a paper and pencil . 

This is basically saying you're making 50k on paper just by putting your name on the deed.

You'd be cashflowing positively with the deployed cash even if your home value drops and at this point the paper value becomes real value.

Structure the deal which works out best for you and the seller - that may be a lower sales price, that may be the owner carrying paper on favorable terms in exchange for a higher sales price, or something different.  

I HAVE MY REAL ESTATE CORPORATION PAPERS, MY TAX I D NUMBER, MY BUSINESS CHECKING ACCOUNT,HOW DO I GET STARTED BUYING MY FIRST PROPERTY.

For me, I don't want 300+ pieces of paper, 300+ annual renewals, and dozens of violations to deal with.