If we are both interested then I can usually get them to sign the lease that same day, with rent and deposit paid before move in.  

If I do front the money for this jerk how do I make sure I get paid back?

My wife actively helps with the business, but I've never explicitly paid her with a W-2 or anything like that.  

Then their profit.. so for a Turn key company to buy it back you would take probably a 25 to 35% hair cut on what you paid for it minimum.Buy and hold turnkey mid west deep south rust belt is a very long term play.. and most will tell you 10 is the minimum you need to get going.

I wanted to be hands on.And yet, those two houses costed me 6 figures from a raided prepaid renovation "reserve" when the contractor "went under" and left my projects unfinished and my accounts emptied.It was humiliating, and damaging.

Have your favorite bank or whoever write you a pre-approval loan letter that says how long that should take.

A 2 BR or 3 BR townhouse condo in the same complex easily costs 3x - 5x as much to rehab if it has been neglected since the 1960s, while only drawing 1.5 - 1.8 the rent.The purchase price for the latest unit is $18,000, and closing costs including reimbursement of pre-paid property taxes will bring the total to $18,700.  

We still haven't seen the lease rates come back to pre-recession highs.

They are as followsThe 3 are all located in Phoenix, AZ and all rented1: paid $180k was rented before it closed, paid cash with an HOA of $200 monthly and rent of $13002: paid $135k was rented in 1 day, paid cash with an HOA of $200 and monthly rent of $11003: paid $215k rehabbed total $260k mortgage on property is $100k with payment being $800 a month, and HOA of $50 a month rented for $14754. looking to buy a house in Colorado, where I will rent it out and also live in it.

Ga mountains yesterday, doing a little pre-leaf change ride on the bike.