I'd imagine that if you cruised to East Birmingham in Alabama you'd want a lot more than an 8-cap!

Its just that for the agents, the fee they collect is called a commission rather than an assignment or wholesaling fee.

Extending the payment terms is not the same as paying it off.Not trying to be too hard on you but there's not enough here to analyze.all cashThanks for the quick reply... it's late and I'm exhausted to excuse my miscalculation. :(1.

Perhaps there will be more time spent trying to find single room tenants than an individual.

I have never done it but if I ever did I would make sure you have big powerful bathroom exhaust fart fans.

It really is no different than an eviction.

However, soon after buying the house, I started to realize that it behaves more like a liability than an asset and then I read "Rich dad poor dad" which was a total game changer for me.

In the book the author talks about how costly and time consuming it is to own a property that's more than an hour away from where you live.

Hey BP, I just finished the remodel on a 200 year old log cabin and wanted to share the results after this exhausting remodel. 

I think we can minimize this by renting the place to a family, rather than an unmarried couple.