I have 3 go to on staff PB's in just my office (10-15 licensed make regular appearances).

But, I'll break it down really simply...1...screen the lead and do an initial analysis to determine if there is potential for a deal2...inspect the property and get a rough estimate of required rehab3...analyze the property with the rehab costs included to determine a target price and a Maximum Allowable offer price4...negotiate the deal and get a Purchase Contract signed5...execute your primary exit strategy 6...if the primary exit strategy won't/isn't work, move to the 2ndary  (You should have at least 2 for every deal.)7...execute the exit strategy8...deposit your profitIf you don't know what any &/or some of that means, then you're not ready to start tying up people's property with contracts.

When it happens you execute your procedure, pay for the expenses from your "insurance account" (- and not out of your PERSONAL wallet - and then you rent it out again.

They're a gold mine. 2- I can speak intelligently about the house when I'm making my 'heads up' phone calls while waiting to receive my executed contract back.

Why this is a bad thing to do can be answered with a question...once you execute the above deals, what do you do next?

Plus experience to execute...

A few options to consider and perhaps propose ... you will need a lawyer to review, advise, and draft agreements if you choose these routes to make sure it gets executed properly.

I rent executive office space for my business and they routinely charge a move-out fee to cover cleaning/prep costs.3) The Spanish working population is the target tenant. 

There will probably be a search warrant executed and the house will be tossed in any case, along with any evidence (eg, drugs or drug making equipment) collected.

Alternately if the lease is long enough you could buy it and then resell it in the future – although leasehold buildings typically do not increase in value, a long lease normally insulates the depreciation.Just some things to note from a lending side for leasehold buildings, condotels (like the Executive Center, Ilikai Apt Building), and investment properties; please bear with me if you know this already and its already been mentioned in this post: -Any loan you get for a leasehold building will need to have a 5 year cushion built in before the end of the lease.