I'm sure you can find a gold ring digging in the local garbage dump, but wouldn't it be easier to go to a jewelry store?

If you're talking about existing commercial space, LLCs, etc, these guys throw letters in the garbage.

I went by to scout it out, and many houses looked to be vacant, grass was not cut, little piles of garbage on the lawn.I may be wrong Nancy, as I am very new at this, but I got a good feeling about this.

Property Info:Purchase Price: $180,000.00 Purchase Closing Costs: $5485 Estimated Repair Costs: $6,700 Total Cost of Project: $192,185 After Repair Value or Market value: $240,000.00Down Payment: $36,000 Loan Amount: $144,000.00 Loan Fees: Amortized Over: 30 years Loan Interest Rate: 5.000% Monthly P&I: $721.49Monthly Rental Income: $1,450 Monthly Expenses: $1,157.84 (this includes taxes, insurance, landlord covers utilities, garbage)Monthly Cash Flow: $292.16Pro Forma Cap Rate:5.22%NOI: $12,520.00           Total Cash Needed: $49,625Cash on Cash ROI: 7.06%Purchase Cap Rate: 6.96%Thanks Yia    

I have shopped (and still do) all my competition and they are garbage.

Garbage, of course, is LL-paid as well w/ multi'sYou are fortunate to even have separate water meters.  

I will check out the podcast too, been meaning to have a podcast to listen to rather than the garbage on the radio.

A shared internet connection, garbage service, or lawn services are deductible.

Maybe now the owners can get the amount they wanted 2 years ago and they'll still be open to selling.I make those suggestions because I've been on a large number of wholesaler lists here in Chicago and the vast vast majority are complete garbage, like properties that are on the MLS for less and/or pending, are currently listed, extremely bloated ARVs, etc.

As the seller's agent, I have routinely required a buyer's DU report for review, if they want their offer to get real consideration......too many of the preapprovals are just useless garbage.