Allan Glass talks about how you really can't look an entire city as whole as to whether or not it would be a great market, or best market.

Listing agents just take on these listings blindly, they will not stand tall behind the facts they present, when a seller is saying no I want $650k or higher otherwise we're not selling, the listing agent ends up saying you know what let's do it.

I will have the keys in my hands on April 1st, spend less than 8k and have it rented by the end of april for 1357month via Section 8.I think this is a good deal, but it took me 4 months to find it..Last place took 7 months at the sheriff sales, but they cash flow, need little work and I am in and out..Point is...Take your time..It isn't how many properties you own, but what and where you own them..You also want them to cash flow.I deal only with Section 8, because they direct deposite to my account..I am not in the business of chasing rent..I explain to them that I own the property, not them, and they WILL TREAT IT fairly..I prefer single mothers with children who are on disability..I never have to hear that they lost thier job, because they will never have one..I let them know I stop over once a month to check the heater(my excuse to check on them) and it works well..Another angle I have come up with is that I buy NICE places and make the people on Section 8 feel proud as to where they live, and it seems to pay off..My one tenant drives me nut, because she is always calling me asking to hang new fixtures on her sink, or the 4 foot by 6 foot stained glass picture above her fireplace, or the fancy $400 lite she bought for the hallway...I don't know how these people have such nice things, but no job..I don't ask..All I know is they treat me well, and I would rather her call me to be her interior decorator than to hear that she is trashing the place..

Also many older houses have non-operating picture windows or glass block windows, neither of which are egress. 

In fact, lots of NN leases will have language specifying that the tenant is responsible for plate glass and doors.

Nobody says where do I find a free plumber, a free kid to mow my lawn, a free doctor you don't even let people refill your glass at the dinner table without leaving a tip.

So long as you don't have a glass jaw and can hang in there, more often then not, in the long run, you will make money.

I have built up a small network of wholesalers/Cash Buyers and have some contacts in the industry (Agents/Brokers) and also have SOME potential to raise $$ from Friends.It seems with that minimum experience and track record that finding Partners/Mentors and Funding sources is a tall mountain to climb?

Paint, 8-Leaning towards keeping current cabinetry, but sanding and painting, 9-Granite and or Vinyl counter tops, 10-1 water heater. 11-New windows/glass depending on other repairs. ( Such as which cooling and heating system buildings will utilize). 4 Plex 2: (same size) All units occupied with 1st lease expiring in May.Purchase price same.

The backyards of the surrounding neighbors though, didn't look very nice. 3 out of 5 had sheds in their backyards that looked like they were falling apart, and one of the sheds was almost as tall as the house. 2 out of 5 also had a canopy/tent type thing and they both were discolored with holes in them, but they were still propped up.