You learn how to fix stupid things like broken toilets and windows etc etc.

You could also manage a 4 story townhouse in NYC- which would also net you the same, meanwhile your only dealing with 4 leaky sinks, 4 tenants, and 4 toilets.

They will sometimes call for a burnt out bulb or a clogged toilet and at 4 in the morning.  

I found a property that might cash flow so I'm hoping it may pan out.  

I will be making updates and I hope to hear how your adventures pan out.Talk to you soon!

I know that every situation is different regarding who the borrower is and the foreclosure regulations regarding the location, but I was wondering how often it happens and how the process usually pans out when purchasing a non performing note (whether a failed loan modification or initial purpose for foreclosure) and issuing a foreclosure.

I suspect there's so much vacant land in TX this model just won';t pan out

There are openings in the upper west exterior walls where electrical conduit was removed.10.The stucco in these areas has not been repaired to prevent moisture penetration and deterioration.11.The front unit has issues flushing the toilet, which was confirmed with a tenant, so camera scoping of the drain pipes was performed that revealed damages and blockages in the pipes.12.Deferred maintenance on multiple items: cracks around windows and pipes, gas pipes are not supported, pilot lights in heater units were not lit, a water heater unit has no ventilation.I hired a plumber to scope the pipes (please see his report in the invoice attached and photos); a roofing company was hired to assess the damage to the roof above the middle unit only (please see proposed work sheet); a general contractor has inspected the settlement of the wall in the second unit due to the damaged frame.

@Sarah Tankersley @Aaron Hafer @Chris QuinnIf that doesn't pan out I can hook you up there with whatever you need.

I not by any means an expert, but I would suggest having alternative outs planned for anything you might buy for a student rental in case a project doesn't pan out.I've recently found the Tallahassee Investors Network and those guys put together a great gathering once a month that I'd highly recommend you make the trip over for.