I also don’t like renting really nicely rehabbed properties, most renters don’t take care of properties as well as we would hope.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

So not really a one sized fits all approach which is the nice thing about real estate being able to cater it to yourself and your goals. 

However, you must have reasonable limits and hold to them.I give a great example in my book where a tenant abandoned a 2,000-square-foot home full of nice furniture, expensive jewelry, a brand-new $2,000 rifle still in the box, etc.

Hello @Joe Crupi, nice to meet you.

AND a wholesaler would walk the investor through the mechanics of the deal, because they had all the contracts set, every detail wrapped up and packaged with a nice little bow on top. 

Otherwise, the tenant will make excuse after excuse to buy more time as they fall further and further behind.To find an attorney, suggest you visit your local court and lookup the landlord-tenant docket to ID attorneys with the most cases.

Instead of a traditional down payment, I would give them some money (maybe just to bring the loan back to even).The upside if taken over the loan at the current balance, with some rehab and hopefully getting the front lot back would be a nice ROI. 

I've seen small multi-families (2-4 units) appreciate very nicely in the Lewiston/Auburn area.

I’ve visited every other property I’ve considered in the past, so this is uncharted territory for me, and it feels a little out of my comfort zone.I’m considering putting it under contract sight unseen to lock it up, but I don’t want to make a rookie mistake here.I'm looking for some advice here.