There are tons of threads here about how to look at numbers on rental properties and decide if they are a good bet.

If it's different than what the seller is advertising/renting, that could be a tremendous negotiation point.I would bet there is a lot of mismanagement here, which makes me think this might be an opportunity.

Personally, I think our best bet is networking and finding a partner that can bring us deals with a mutual financial benefit.

- Condition of the 2br 1ba is very poor, and not being able to see the inside makes it difficult to fully estimate repair costs.

Chimney rotation is typically associated with poor bearing characteristics of the soil or improperly installed or failed footings Gas Log fireplace needs repaired The primary condensate drain line for the air handler was separated in two areas in the crawlspace and shouldbe repaired so that the condensate will exit the crawlspace as intended.

Your best bet, analyze several different deals at different price points in your target market and start to see where the breakeven point is for cash flow. 

But to start....Millionaire Next Door and all others by Thomas J StanleyRich Dad, Poor Dad & Rich Dad's Cashflow Quadrant by Robert KiyosakiThe 4-Hour Workweek:.... by Timothy FerrissE-Myth Revisited by Michael E.

My coworker recommended I read the book Rich Dad, Poor Dad, which I just finished recently.

I don't want to bet on appreciation for my profits since I want to make my profits when I buy.

Your best bet is to analyze off-market properties.