Persistence and Progress, Hard to believe that just a little over 2 1/2 years ago I closed my 1st wholesale deal.

I used his info at the start of the month, got a decent sized list, did my own research and yellow letter campaign and have since received a steady flow of calls. 

So any progress resets upon proof of CT for lack of naming her.  

I will do my best to keep the post updated every few months as progress is made.

I wanted to run this deal by some people on the forums to get some advice from people wiser than I on this.Here are the details on the property:Located in western Maryland - old coal mining town; weak but seemingly steady economy; lots of blue collar workers8 units - 2 bedrooms in each unitEach unit rents for $500-550 (one unit rents for $400...special deal for tenant with current owner)100% occupancy = $49,800 gross rentals/year (not including laundry below)Comes with laundromat on first floor - 6 washers, 6 dryers; open to public; current income unknown to owner, but estimated by me at $250/moTaxes:  $2,800/year ($233/mo)Owner-covered utilities:  $7,200/year ($600/mo)Insurance:  $2,700/year ($225/mo)About 1,000-1,500 sq ft of unfinished garage space on the first floor that is not being utilized.  

Keep me posted on how that progresses. 

They weren't looking to sale but hey any communication is progress in my book.

Since most here on BP are clueless to it, those recommending others that Newark is a good place to invest long term I don't feel are doing those members a good service.The last time I spoke to Derek I asked him if they had made any progress with getting the law updated to be "fair" to both sides.  

Keep us posted on your progress.

I agree, college kids can be a steady stream of renters.