I'm personally making my exit - I never did assemble a team (it costs money for one, then you need the manpower and time to manage it).

I know it is expected that you will need to spend some money after someone moves out but I just didn't expect I was going to need to spend appx. $10k to get it rental-ready. 

Originally posted by @Jay Hinrichs:Although in the MFR realm this is not a Guru how to make money with no money..

Purchase price: $125,000 Cash invested: $65,000 Sale price: $250,000 Wish I could have held onto it but needed the money to fund future deals What made you interested in investing in this type of deal?

We only needed to pay earnest money and a portion of the closing fees bring upfront investment to 12-15K.

After that, the lender may use a private auctioneer to auction off the property and try to recoup as much money as possible.

Then it's them unable to sell in the money, and buy a new one cause rates locked up the previous buyers.The 1st point is the real state of unemployment.

If its four months from now, then explain to him he's going to be evicted, will have a record, and it will go to collections for all court costs and rent money owed, to the penny.

I make a decent amount of money nearly from my W-2 (over 100k) but still not enough to easily buy another property this year especially if I have to put down 20%.

I’m assuming that you save quite a bit of money.”