You seem like a sharp guy and I can't wait to hear about how successful you are.

He says, "I'm in San Diego and I need to get rid of it, it's a pain in the *** and it's one huge headache.

. $320 is paid down on the principal so I look at it as I'm trading $100 for $320... that makes the pain a little better!

Keep in contact and when he feels the pain enough times he will become more motivated.If the deal makes sense, go get some private/hard money so you can offer him cash...that may motivate him to sell at a lower price.

The key for me is getting them in there for 1 month, because its such a pain in the *** to move all your stuff that theyre not going to move it until absolutely necessary, even from slight rent increases (yearly).

Yes, it is a pain but it's worth it to me, as I live with in 10-15 minutes of each property.

But the decision is not merely one of expected value; very possibly financial losses may be more painful than financial gains, making the decision for those people one of ultra safety and hence ultimately a lower net worth than those whose decision process is less "emotional".I see the risk of inflation must greater right now than the risk of deflation, hence I am in the process of strategically "leveraging up" on my real estate holdings.

However, once the man-hours are put in, it is well worth the pain and anguish - ESPECIALLY if you have MLS access.

One of those qualifications is the owner occupation. another is the painfully small amount of work they allow to be done or passed on to the new owner.

As strange as it sounds, its actually easier to have more properties that can ease the pain of 100% vacancy and hold costs when one property is between tenants.