Also look into the BRRRR method.

But before I play "repo man" i'd do the following: Know my State's Repo Laws....If needed consult with a lawyer.Make sure the Debtor Is in Default ....Have all the paperwork in order.Locate and Verify the Car.Choose the Method to Repossess ....Contract with a tow company rather than taking the risk of rolling up in a U-haul pickup and snatching someone's ride!!!

The third month's rent and subsequent month's rent will be $____ due on the first of the month.2) The method of payment should be spelled out in your lease/rental agreement.  

IE wholesaling but that takes money and major sales skills.. and a market that has a lot of excess inventory and rental inventory.. it really depends on where your living and working.. all the guru training materials say just about the same thing there is nothing brand new .. just the same methods or schemes repackaged and regurgitated to enduce those who want it all now and are willing to pay for fast track.think MLM..

@joseph M. did mention to me the BRRRR method, Buy, Rent out, Rehab, Refinance, Repeat so that you can get your downpayment back out of the property to recycle on another property.

Not quite sure if thats a sound method or not, but I figured that I'd rather put my rent money into my asset column, rather than into my landlord's asset column.

Absolutely, BPOs are common and usually the preferred method to get value quickly, but of course there is still cost associated.

For investors following the BRRRR method most of us are trying to balance keeping down rehab costs with the fact that we need a high value from an appraiser.  

Another method to find HM would be your local real estate investment group, if you have one, but I have zero experience with that.

I'm kind of against the flat rate because I could either make money or lose money on it, and I'd prefer it to be a wash, as close as possible.There's something called the RUBS method that I've found, does anyone have experience with that?