Here s the dealpurchase price 143000down payment 28 600mortgage 114 400P +I 5% 614tax 280 monthinsurance 90 monthproperty mgmt 156 monthproperty mant 250 MonthOil 250 monthwater sewer 83 monthcap impro 2% 52 monthvacancy 6% 156 monthTotal 1,93100 monthrents 2,600net oper income 669 month Student Housing students pay between 500-600 month per room plus electric cable internetDescription of propertyRanch 1000 sq ft 3 bd 1 bth main floor 2 bd 1 bth fished cellar all bedrooms rent able New up dated kitchen all paint in side an out less than 2 years old Boiler and hot water heater less than 2 years old ready to move inI am going tomorrow to approach a interest person in ether a private money loan for down payment or partnership in property I have Never done this before, how would I present this to him He has stated he would be interested in ether or depending on the deal Thank you,I would appreciate input on this mater.

Those that responded to the personal letter and zip letters were just 'fishing' around for an offer.

I have been very surprised by how much our SC lake house is rented in the "off season"People come to:Relax by the fireplace with a view of the lake, girl or guy weekends, visiting family in the area, visiting their kids at Clemson, Holiday getaway with family, fish, get away from the brutal cold up north or the heat in Florida or just get away.

I am also a newbie located in Saratoga Springs, NY and struggling to convince my partner to take action in the area because the real estate scene is dominated by a few big fish who scoop up most deals before they’re listed anywhere.

Wiring has to be fished through walls, that are often lath and plaster, possibly covered with a layer of sheetrock (or not).

Perhaps I'm fishing in the wrong pond.

I didn't know what else involved with this type of business until I asked questions and you kindly explained them to me.Are there any books or trusted websites that I can read to further broaden my knowledge in this business?

So, 6 million mortgages and 2 million distressed mortgages seems like it is a pretty large pond to fish in.

You go to the river and watch for a fish - no fish.

I have 2 single family homes in Miami fl and I'm looking to broaden my horizons.