This post just screams "sue me!"

Account ClosedThat's funny how you said you want to retain the property and not just fix and flip it, because fix and flip was screaming in my head while reading your post.

So my experience was that I had less than a 1% chance of getting a tenant I liked, and maybe a 4% chance of getting one that was not a major problem, and a 95% chance of a tenant who would cause all kinds of problems and drive me completely crazy.For me getting a phone call in the middle of the night with someone screaming about their toilet not working is just not something I can live with, but if that type of thing does not bother you, and you can go on day after day and not let it get to you.

I've been screaming bubble for years, doesn't mean I'm unprepared, panicking, or even fully out of the market.

They lived there in relative peace for almost 3yrs until the downstairs tenant’s sister screamed at the upstairs tenant for playing music too loudly one day two months ago.

"Wholesaling" is when you have a bunch of wholesale wanna bees, call the MLS listing owner and tell them.. yo blood, I can wholesale your house....1) They than offer a price that is a little bit above the value of the MLS listing  MINUS the commission they would have paid if the listing goes through.2) or worse they add their fee on top of the friggin MLS price.The seller doesn't give a poop because he would be happy enough to sell the house at what he asked for..So word of caution...

Like I said rents in Oregon if you look back were flat for a good 10 years.. there was signing bonus's and rent decreases.. not many if any rent increases the increases were the last 5 years and in some areas they were substantial like 50% in 3 to 4 years.this led to a back lash in the city of Portlandia so now you have all these people screaming for rent control and you have the law that did pass were you have to pay 4500 to terminate a lease.. and other sundry items..

I do go with my gut as well in these circumstances and this one -- while certainly odd -- isn't screaming out to decline to me.But yes, please share and let us know how it turns out :)PS....I won't turn on instant book ever because I want that time to gut-check. 

I also neglected to mention I had question him on wanting me to go door to door to ask if anyone knew someone who wanted to buy a house and he screamed at me at the top of his lungs for 10 minutes.Look, someone who tells you "if you don't follow through on what you say you're going to do, you better be unconscious or dead" then drops the ball on something as big as getting contracts sent when they say they will and before it's too late (as he did), then refuses to take responsibility (he refused to discuss it when I questioned him "let's just move forward, what other questions do you have" was his response), that's a poser.

Two years ago we got a screaming deal on a family property which we purchased (with a mortgage) and then did a complete remodel.