Dance your question I probably would just go at least an hour and a half outside of Atlanta into one of the suburbs and I would base my decision on the available inventory on the market and I would speak to local property managers to see what part of town to stay away from Ann which part of town can command the highest rents and best tenants

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Consequently, it will be much harder for that older home to command market rents and desirable tenants without putting a lot of money into it.I can't speak for the man, but I bet Mr.

As long as I'm wholesaling, I want my wholesale rep to be stealth (the deals are so good they never see the light of day)  and above-board  (I treat everyone fairly and I expect the same in return - I'm very conservative with the deal numbers & I don't command greedy fees so don't nickel and dime me and expect me to go back to the seller).  

Most houses can't command that, and even if they can, finding tenants willing to shell out that much $$$ are few & far between.My goal is ALWAYS 1%, and my properties are all there minus my old $300k primary residence turned rental.  

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Court confirmation would have ensued and legal publication and competitive bids made your original offer wishful thinking.Had you bulletproofed your deal with a performance trust deed or mortgage, you might have been in a much stronger position to protect your position and complete your acquisition.Had you purchased the beneficial interest from at least 51% of heirs/beneficiaries you'd be in a commanding position, maybe even boot the existing PR and replace with a 3rd party fiduciary who'd be paid all statutory and extraordinary fees.Your best defense now is to hire an attorney who threatens (bug does not execute) a lis Pendens clouding title and gumming up the works while you figure out a plan B.If yo don't have the stomach for lawsuits or you live in a small community, I suggest you consider the risk/reward of this opportunity.

@Dave Mosher Rentometer is a good tool to use, current listings like you mentioned, and even the MLS in some cases can be a good way to get comps for rentals depending on what kind of property it is.Keep in mind when evaluating comps for rentals though that condition of the apartment unit or single family home goes a long way in determining the rental amount it commands and days on market for a rental.

You have to enforce your lease - and the quality of your property and the rents it can command are in large part to the appearance of it.

The houses still command moderate rent, but are dirt cheap.