One thing that had irritated me was the fact that my agent had failed on preliminary due diligence and showed me a condo that was not investor friendly.

The chances of them doing a short sale for someone who can afford the payments is between slim and none, and I'd take a wager it would be none.The better option is for the owner to sell the house to you on Seller Financing or Subject To.

You do have to be comfortable working directly with tenants, doing showings and working out maintenance issues but, it's much better than it was.I also use a google forms web form interface to a spreadsheet to collect preliminary information for 1st level pre-screening and that works great.

I know it's a pretty vague strategy but these are just my preliminary thoughts. 

I know it's a pretty vague strategy but these are just my preliminary thoughts.

But for now are doing preliminary research and wanted to reach out to see if anyone here owns land/property in CR, has any insight into things we should be particularly cautious about, or just general advice on making such an investment?!?

But for now are doing preliminary research and wanted to reach out to see if anyone here owns land/property in CR, has any insight into things we should be particularly cautious about, or just general advice on making such an investment?!?

People are looking for change, not a ton of rentals available and I'd wager things will stay steady as we head into the summer.If you're willing to take such a large discount to fill vacancy do some math and find a lower monthly price to really set yourself apart as a plan b.What I wouldn't want is a tenant who can't pay rent feel like there stuck in your unit because they can't afford to pay a penalty.

This is preliminary... could probably find an even better lot at higher cost with an even higher resale value.I’m doing math and trying to estimate foundation costs, plumbing, electricity, transporting the actual home, etc. and I’m getting about 120k as a max…. does that seem low?

I still have to put the financing together so I’m looking to have some preliminary planning discussions that will ideally lead to one or more property purchases.