That's how we do it Jovan - about once a year I go on Listsource and find out the number of absentee owner purchases for the last 6 months by zip code in the county we work in and we'll focus on those zips (actually parts of those zips) with lots of AO purchases.

Keep your eyes open and see if you can possibly find a 2 or 3 unit property in the next 12 months or that you can do a little upgrading to Ao that you can raise rents and live in one of the units.

My name is Michael and I am a o years old and have been in construction all of my life.  

And just to follow up on the above, on a quality LVT with a good AO finish I have smoothed the edge of a quarter before in front of my dealers.

The part that puzzles me is, do I enter a sale agreement then seek financing or do I try to get pre-approval prior to entering an AOS.

Look for one with a 12 mil or better wear layer and a scratch resistant finish like AO or ceramic bead.

Purchase Price: $370,000 (both properties)NOI: $32,1384-plexes :Ao Unit 1 - 2/2o Unit 2 - 2/1o Unit 3/4 - 1/1B.o Unit 1 - 2/2o Unit 2 - 2/1o Unit 3/4 - 1/1 Details:· Occupancy: 100% leased, All leases are currently month to month except A, Unit #3 (current 6 month lease in place expires 7/1/16 then goes month to month).

Sent out 450 pieces to AO 3/23 so far received 12 calls.

When I ran the numbers it looked like I would be breaking even every month.Since we were under the impression that we were getting 10% down on both properties the AOS was written that way.

I currently have an AO on a property which is being sold by a bank and I hope to close in early June.