I understand that I may be spinning my wheels.

:)...just spinning the wheels Day in Day out and i WILL soon be able to say i am a full time Investor as well!

I used to spin my wheels trying to explain TX Property Code, and at some point, you start to realize....

So, does that make the BP Summit the "No Spin Zone" of real estate conferences?

You just have to put the right plans in place, and continue to work hard and spin the wheel day in and day out.

If it is spinning, you have a leak.

Even if you could buy this place with 100% financing from the owner (no bank will do this, the owner is the only hope), you need cash to fix it up and then you need cash reserves to cover the hiccups that come with rentals.Also realize that rentals don't spin off very much cash, especially if they're heavily leveraged.

This puts an entirley different spin on things.

That way I'm not spinning wheels working on buyer's that may not ever buy.

Yes John, another good approach, people that couldn't sell and ended up renting to move, estate deals, see who retires at the plant maybe the spouse has been taking care of the properties, tie landlords to those events in life that motivate them to sell, otherwise you're spinning your wheels. :)