Either through a formal program or through trial-and-error.The problem with trial-and-error is that it can take years to figure it out, and the mistakes you make can end up being very costly in many ways...the biggest of which is wasted time.The question is if you decide to invest in training, which should you pick? 

There is a lot of variation state to state and you will keep yourself out of hot water by understanding what you can and can’t do.

They won't hold a "trial"at the house, but he (your father) may just give the keys/title back if you have the cops there.

I'd like to pose a variation of this common question.

Rural areas may not have such variations but cities generally will.

Purchase price: $87,000 A foreclosed property that I acquired with price of 60% of market value, I acquire it using a slight variation of BRRRR (Buy, Rehab, Rent, Refinance and Repeat). - Buy using hard cash, - Refinance my other properties to get the cash back + get the rehab fund, - Rehab of $30,000 to increase it's value to around $230,000- Rental units of 50 units with nett cashflow after expense and mortgage of $1200- Repeat: finding another opportunities with the extra money that I got from refinance Conclusion: I got the property with 0 cash invested (though short term cash is needed & using other property for refinancing), get $1200 / month (still in progress).

@Amber Gonion The concept you are referring to is "tacking" consecutive owners' possession together to meet the adverse possession time requirements and as far as I know there is some recognized variation of it everywhere.

., the court found that in determining unconscionability, the trial judge may consider: 1) the amount of the proposed rent increase; 2) the landlord’s expenses and profitability; 3) how the existing and proposed rent compare to rents charged at similar rental properties in the geographic area; 4) the relative bargaining position of the parties; and 5) based on the judge’s general knowledge, whether the rent increase would shock the conscience of a reasonable person.

I heard about BP after signing up for a trial membership to Audible. 

So I ran the numbers on the place we are renting through the Rehab 70% rule and BRRRR calculators (using my free trials) and every which way I sliced it, I would have to propose that the Owners sell it to us barely more than what I believe they bought it for in the mid-2000s.