After about $16,000 in selling, holding and closing costs, my end profit was about $18,000.Now, here's another example of a Multiple Choice Offer I made from that ad:Offer A: $101,500 100% Seller Financing for 3 years.Offer B: $95,000 with $5,000 Down and Seller Financing for 2 years of $90,000.Offer C: $86,500 all cash nowThis seller told me he had recently built a small house with a plan to rent it out as a cash flow investment.

Once you have that, then you want to look at the likely towns and values of the buildings.Armed with that info you can contact an agent that does a lot of rental properties or contruction and ask them to look at similar properties to give you a range. 

I let his family from out of town stay in the condo to clean it out and handle affairs until 10/12/18.

House in Houlton, ME is a single family home that contains 3,572 sq ft and was built in 1900.

@Christopher Moore welcome there is a great monthly meeting this Monday at the Grata (70th and A at) from 7-9 you should come it’s a great place to meet most of the activity Investors in town and a chance to learn a lot.

Our town also has a huge shortage of  rentals in general.

Obviously there are whole resort towns where you see this is standard practice, but there have also been instances where people lost their homes when trying to skirt both the law and the spirit of the law. 

Hi Kyle, are you still in town?

You can find vacant homes by driving around town, hiring a bird dog, getting a Investor friendly real estate agent, talk to the mail man, tax collectors office, zoning office, you can even try call utility companies.

Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe.