How quickly and how much effort do you want to expend to get a deal that meets your 20% COC goal?

When the 'low bid' number is already within the range of acceptable profit, the smart business person who has already expended a fixed amount of their limited company resources to get near the finish line of the sales process, the smart one is going to short-cut the the process by at least 'taking a shot' at it and closing the sale immediately rather than submitting a blind bid. 

In about 2 weeks, ill be a freshman at FAMU university majoring in accounting, my question to all seasoned investors is, as a college student with very little expendable income, how would you get started in investing?

You could find yourself blazing down an unintended path with triple the effort you are expending now.

If your PM isn't expending extra effort collecting, the PM should just get 8% of the late fee.Keep these tenants.

I'm not sure that is true, given the hours and costs expended in the leasing process, but I do like the alignment of incentives for the PM to find high quality tenants as quickly as possible.It has been argued that investors will seek out such a PM to give them their worst C- to D properties that have the highest turnover.

If you find that he is ripping you off, have him stop working and ask for any money back that was not expended on the project.

But, there some who feel I should have been grandfathered in under the original rules, and I should have an attorney look into it.But instead of expending legal fees, I thought it better just to take the money and run.

No one is going to expend resources to research the public records then provide that information free of charge, even if the ads are almost unbearable.One feature of Zillow that is semi-useful is when you target a specific area - city, for example, and ask it to display the pre-foreclosures and foreclosures.

You expended resources and time which has cost you actual dollars and that without the certificates and the leases you will be forced to reprice your offer assuming all of the tenants live there rent free or back out and seek reimbursement for your costs due to the seller withholding material facts.However, I am making a REALLY big assumption here based on what you posted.