My expenses will probably be around $1450The one bedroom rents at 600$, and I'm HOPING the 4 bed can fetch $1400~$1500.

Looking at deal right now in a PUD built in 1972 where I already own a townhome for the last year that has worked out really well so far. The units I am looking at now are condo style with a basement walkout unit and ...

. $640 is probably high. 3 bed is 500-550, 600 tops.

If there are a lot of properties just sitting on the MLS, start with properties that have been on the MLS for the longest time (that meet your other criteria in terms of location, bed/bath #, etc) and make an offer.

Reports of my death have been greatly exaggerated.

A lot of times it is heartbreaking having to evict somebody who just lost their job or if there was a death in the family.

Get something with a bunch of beds rent out per bed to students.Paul

Background : Just purchased an owner occupied 2 bed 2 bath condo at trustee sale for flipping.

If you take a property sub-to, and the borrower dies, the lender is not informed of the death......unless you or someone else tells them.  

If you can deal with a little ghetto-ness you can find some good deals around here, 2 bed/1bath houses on the east side can be had for 40k and rent for $850-900.