I could get an owner financed deal for $50k-which is the goal here.I have never tried to side-step a REA, but I don't have the stomach for this one.Deal aside, has anyone had any experience like this?

That being said, if you think you can find it, and have the stomach for the management issues, go for it.  

Some have a strong stomach and no problem w/ taking on a full gut while others want move in ready.  

However it is cheap and has high cash flow for a reason- not everyone has the stomach or cajones to do business in these areas.

On this quad, the neighborhood is a "D" and I just can't stomach that as a new investor, so I passed.

PM me with exactly what you're looking for, cash price budget, stomach for repairs, towns/zip codes, etc and your contact info.I've got several properties under contract right now, closing on 3 this month, but I don't know what you want.

I played 2nd and short when I played softball, but eventually when I started playing with huge people that could bat the balls at mach 1 into my stomach, I moved to outfield and enjoyed it quite nicely :) Lol.

After a while you start to know what to look for and may be able to find the big issues yourself.I have found that Baltimore-especially the city, has plenty of cheap 100+ year houses with serious structural, foundational, etc. issues that I, like you, would not have the stomach to want to deal with if they gave it to me for free!

Although you have to look at what you can stomach because there will be some time before you see growth.

I can understand why there are deals out there because people dont have the stomach for this type of transaction especially if you do alot of real estate sale the conventional way.Cell counter, I apppreciate the input.