Much less time and money invested, much less effort put out and a much smaller payday because of it.People that are good bird dogs are people like mail carriers since they know who is not picking up their mail and might have an abandoned property, bus drivers especially school bus drivers that will go through residential neighborhoods and can see distressed properties all day, people that work in nursing homes (pre-probate list...), firefighters to see places with lots of superficial fire damage, the super chatty soccer mom that is in everyones business and can tell you anything about anyone in their neighborhood, etc.

It cash flows well, and will most likely appreciate well with some of the economic drivers that are at play in Eastern North Carolina.

I'd be interested in seeing how this deal turned out in 24 months.Getting legal advice from BP, is like getting stock market tips from your cab driver..both usually won’t end well. 

It does not capture life changes, which is by far the bigger driver.

AFTER I bought it a driver ran his car into the house, literally, the car was inside the first floor of the house. 

Hey My Name is Christopher I've Always Loved RE Its My Dream Job And I Want to prepare and lear as much as i can do before starting out Im A Truck Driver From Lehigh Valley ,PA Area...Im Home every day And my salary is avg 60k yr my startimg Goal And Purpose is to buy and hold Rentals....Give Me Some Advice...BTW Im A $1000 Credit Card Away From getting about 633 Credit Score....yeah....it took me 2 years

@Dawn AnastasiYes I have the person's contact info, copy of his driver's license and his LLC article of incorporation docs, and signed contracts.  

Property Value: $600KInitial Down Payment: $150KLoan Amount: $450K Year 1 Appreciation (5%): $30K Year 1 Cash Flow (5%): $7,500 Year 1 return (cash flow & appreciation): 25% (20% from leveraged appreciation & 5% from cash flow).As you can see, leveraged appreciation is a key driver to build wealth in CA because of the high and steady rate of appreciation.    

Come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!

If I take the same $5,000 and invest it in my Berwyn, IL properties, I can drive rents $300 per month (and I did).