Talk to enough homeowners and you'll soon find someone willing to sell at a wholesale price, especially if the owner lives out of state.Driving for Dollars: The last method is to simply drive around and look for homes in disrepair... things like uncut grass, broken down cars in the driveway, or properties that could really use a fresh coat of paint.

Haven't done LTR though, I like that the tenants are new, fresh and employed so far and haven't had much incidents.

Make sure those cost estimates are baked into penciling out the deal.

I’m 22, fresh out of college with a full time job.

Without knowing the area really well it is hard to know how much of that is the cost of land baked in.

Might be overkill but it keeps things fresh and clean. 3 sets of everything, that way there is always a clean backup on site, while one could be at the off site laundry.

I get fresh leads everyday by posting quality, non commercial contemporary content on a daily basis.  

Now in our timber deals with that demographic it could take months and a lot of fresh and smoked salmon and if it was elk season some fresh steaks and jerky would win the day.. this is the PNW of course :)  I also got a lot of timber deals by advertising on the Christian radio station..

I would start by removing carpet and cleaning what you can, paint and then ozone as long as it takes.Ozone is cheap, but with fresh paint and new carpet it might ad up to $10k.

The recession is still in fresh in the eyes of hoteliers.