Most “professional” owners are great about this; however I routinely run into less professional owners who ask why I need historical numbers and why not just use their proforma numbers.

On MLS, you will now routinely see 4 plexes selling at 400K. 

@Omar WilliamsI’ve routinely used credit cards to purchase and rehab properties.

Should a foreclosure in one jurisdiction routinely look for liens in others? 

There are places that will pay you to live onsite....so exchange work for rent.Places that don't have onsite people often need people to do routine work...fix doors, paint, cleanup, cleanout. 

You can look them up for water and air.An interesting side note, if you superimpose a map of the U.S. showing cancer rates over a map showing radon levels, you will find no correlation.Testing has become routine during due diligence prior to a sale.  

And probably any money you used to secure the home and keep it from getting ruined.I have only had one redemption and it really was not a redemption it was a huge equity deal and of course I was the only cowboy who routinely bid on sales with IRS liens.. as I had no problem waiting them out and I did not need to secure up with a HML quickly after the sale..  

Ready to rent properties can routinely be found for 40k or less that will rent for $650/month.

If it is routinely done it does not make sense to do it.

Here's why:- Does NOT charge me an upfront set up fee- Associate Broker for Keller Williams- Charges for routine maintenance and minor repairs can be taken from rent so I don't have to pay money upfront- The guy in charge of their maintenance and repair crew is a former building has over 23 years of experience in construction, home inspection and building maintenance.- They are easy to get a hold of.- They are very professional, contact me every week to keep me informed on progress of my most challenging rentals. - They are very knowledgeable and help steer me clear of "questionable" areas for future investments.- They've also helped out a few BP'rs with their properties and I've gotten good feedback which of course, is a big deal to me.I'd like to point out that although Detroit has the same challenges that any large city would have, the biggest issue is locating a legitimate PM who's not out to take advantage of a long distance investor.