Well doneWhat you don't see, Ali, are the hard knock and bloody knuckles...just keep that in mind :(I am all for the excitement on this thread.

With the right lender (rarer and rarer) and a screaming deal, you might get into the deal with only a small amont of your own cash.

Class C screams slow pay and evictions...especially at a $330/month price point4.

That screams to me "I want to be able to walk away and leave you holding the bag")

I wanted to jump up out of my seat and scream: GO TO BIGGERPOCKETS!

When the 30 days was up and our PM went to check on the property they started screaming at her that they were staying and we could not make them move.About a week latter we had a court date, we then put down a deposit with a moving company that the city works with, and after a second week or so had our hearing, running in favor of us.  

and the backyard just screams for a deck and I think it would help sell the place to potential tenants while allow me to maintain a premium on the rent.

To be honest (without really knowing the rental comps) I don't know that you have a screaming deal here.If you can get it for sub $20k, you may be on to something.Edit: Sorry missed the part where the owner told you what needs to be done for repairs, you absolutely need to do your own due diligence on this, trust me.

I'll be honest and make the statement that I have absolutely no idea which markets are going to scream in value over the coming decade.

It is not a game, no more than the stock market is a game, it's bloody, serious business.There is money to be made, usually not quickly, never easily and not by naifs.