>> Chuck said, 'I raffled him off - sold 500 tickets at two dollars a piece>> and made a profit of $998.'

@Tim Sutton - I think a lot of the numbers look very solid, if there are no major defects in the building such as weird layouts, or missing elements, then your next step should be to get a close inspection of the plumbing to make sure you won't be replacing all the pipes in 5 years, check the electrical to ensure you have good electrical panels and modern wiring, get a timeline on the life of the roof, and make sure the foundation gets a good look.If these major ticket items are fine, then I would say to get this one under contract and start moving forwards.

If you can partner with a good stager, then retake pics and have another open house, that could be the ticket.

Any pleasure we'd get from big ticket status items would definately be outweighed by the loss of freedom that comes with the associated debt.

Certainly there are relationships between investors and REO agents...in any industry where big ticket transactions happen, there are going to be relationships among the brokers and the investors/principals.That said, I started in this industry two and a half years ago.

Once while I was over there, I saw the tenant had some Power Ball lottery tickets when the prize was hundreds of million dollars. 

I figured a duplex (occupy one and rent the other) would be my ticket, but the market in San Diego seems to be pretty expensive/competitive/picked over.

Hire the big ticket items (plumbing, electrical, etc.).

I'd buy season tickets for sure!  

Ideally it would provide:-tenant portal for rent payment-automatic charge posting-online renting without the need for staff intervention or printed forms-violation/ticket tracking-robust income and occupancy reportingThanks in advance!