I hope that along the way I can pick up on what translates to real estate investing.

In general you can continue to operate the building as is, but you will never be able to rebuild or substantially alter the building in any way.

My advice is to ask for the moon at first, and if the phone doesn't ring you know to lower your price or alter the terms.But truly, If the rent is $795 and the owner passes through a charge of $75. then that is really no different than rent that is $870 with the owner paying all utilities.

Those factors change your purchase strategy and can dramatically alter what your cashflow would look like.

Know how to play the game, and you can find generation altering success.

Doesn't seem like much but translates into $600/year at $1.2M price. 

You are giving some anecdotes about your experience that loosely translate into "it can be tough to pay the bills with a regular job- I am smarter than that and so I invest in internet start ups!

But without successor beneficiaries the trust could be payable to the estate of the Grantor and the proceeds of the sale could be probated.Probate: A legal term which roughly translated means: Pay 10 to 20 percent of everything you own to the courts and an attorney when you die.Your goal should be to avoid probate.Lee Phillips (Legalees.com) and Mark J.

The owner is going through a move, or a divorce, or some other life-altering decision, and needs to offload the property.2) Flippers.

Fan blades never seem to get cleaned and it's a mess if there's a fan in the kitchen (the combination of grease and dirt on the blades cause an interesting challenge in cleaning between tenants).You can alter them to be RF compatible...buuuuut a new cheap but not dated looking fan that doesn't have a pull chain is only $90.