However, there's a bit of a snag to this- while technically the house is under our name, my grandmother has expressed the desire that, for now, she wishes to collect all the rental income.

I am not a bank and have no desire to be one. 

There are so many in-person meetings here locally (even more than mentioned), that I just don’t know I’d have the time or desire to add a virtual one. 

They may have additional setbacks, restrictions on RVs, fences, architectural guidelines, min sqft, etcThat being said some of those things are desirable to some folks.

Great access to the outdoors, 300 days of sunshine, thriving real estate market, killer restaurants, cool neighborhoods, high desire-ability and strong economy (good for find high quality tenants). 

hi I just joined bigger pockets and I find your post very helpful.I went to a real estate seminar a few weeks a go and now I have the desire to learn all I can and start investing in real estate.Now I just need the proper tool and to build the network to be successful.

The property is in need of some repair work, which totals an agreed price of $19,000.The purchase price of the property is currently 235k and is a 4 unit multi fam.The seller agrees to reduce the price of the property by the desired 19k amount to $221,000.The problem we now have is we will not have any cash at closing to perform the repairs as we would have if issued a credit.

Just something to think about if you want to go to the next level with direct mail, which also costs you in getting the list.If anyone has suggestions or is willing to mentor a new but not-so-new guy who has a strong desire to make some money in this game, please let me know.

Have you given any thought into whether a 4 bedroom house would be more desirable with a second bath or at least an additional half bath?  

Problem is the loan Seller's desire to recoup (or discount) their funds.