(Classic bait and switch!)

Classic example: ARV $100k, you buy it for $50k, clean it up, clean it out etc and you want to sell to an investor for $60k cash.

I like the classic William Nickerson how I turned 1,000 into 5,000,000 .  

This is not the classic tale that most of you have heard in your life of David and Goliath.

And some classics of landlord lit are posted in my blog (older books you could get free/low cost used) should you ever want to give it a try or have ideas  for  the place...Best of luck..

As a Real estate agent, I do a lot of cold calls and i'm familiar with expired listing, fsbo,and just classic cold calls..so I started to create a buyer database that might be my potentials buyers in the future.

As a Real estate agent, I do a lot of cold calls and i'm familiar with expired listing, fsbo,and just classic cold calls..so I started to create a buyer database that might be my potentials buyers in the future.

Visit the local library or Barnes 'n Noble and read all the classics: Rich Dad, Poor Dad; the Richest Man in Babylon; Think and Grow Rich; etc. 

Ben W suggested the classic MAO (max allowable offer) "formula" for making offers (70% x ARV - rehab = MAO) - always keep this formula in mind!.

I have run my 6-units at 30% of GSI as expenses, but a conservative number for analysis is 50%.Actual vacancies (imo which must be vigorously managed) is 1 month per year or 1/(6*12) 1.3% (whereas classical underwriting is 8-12%).LOCATION and your management style WILL heavily impact these metrics.