If so, I belong to a (free) private investor group that communicates over the Internet.

Check the classifieds, internet postings, driving around, dealers, local repo people and let them know you are looking for a home.

Then hit the internet websites and see if there are any recent sales to estimate current market value.

@John BlytheYou are way ahead of the curve already by asking this question on BP.I stared with $500.00 in the 1990s and began buying unwanted rural vacant land and selling it on the internet for twice what I paid (each deal).  

Deduct out any business expenses (marketing costs, internet, office, milage, etc) and you'll have your net profit.

Any advice is greatly appreciated.David,Here's what I do for my multi-family buyers:Yes it is hard to estimate for maintenance because of a lot of variablesBut I know its expense is less for more units, for things like 16+ unit buildings, onsite maintenance room for storage materials, onsite employees use less hours to do work ordersSome entities even volunteer their residents to pick up grounds, hence minimizing your maintenance costsIf hdsupply.com accepts your account they specialize in multi-family buildings and you don't have to use man power for delivery or pickups And yes, you can do analysis paralysis but it might help you the bank's formula DCRThe 1031 buyers look at expenses differently Yes there's a number per door, e.g. if the units have been neglected you will spend at least one month's rent in turn ready unit expense    An organized well lubricated team should turn ready units in 2-3 daysPay close attention to the human factor, i.e. low self-esteem employees who will take longer to turn ready units or do work orders with poorly workmanship, theft, etc In capital expenses, concentrate in a few and more expensive to start with, AC, plumbing, electrical

Being familiar with common business pitfalls and learning how to avoid them, in my opinion, can be learned in the class room (and on BP) when you don't have it all on the line.Personally I majored in business administration with a concentration in entrepreneurial management.

So, while doing so some searching on the internet I came across a company that seems to assist with locating a lender for you. http://sandiego.rehabloannetwork.com/ Is this basically a niche mortgage broker?

I have been involved in the property management field for a few years now but currently do not own any rentals of my own, me and my business partner currently concentrate our efforts on flips.

If I could I would turn the power, water, cable and internet off to hopefully rid them of the property sooner.