I too am new here although not the youngster Bill apparently is and I too did a stint at Boston University although the result was not quite so stellar but that was over three decades ago and I've learned a lot since then.I am thrilled to have found this forum as I begin to develop my Investor muscle.

Would be thrilled to connect investors - they want to talk directly to explain what they are offering or I can send a Business Plan.

While I don't like being in a position where I'm increasing rent too much and may create turnover, I feel like I'm taking a gamble assuming the excessive bills were all created by the leaks.

So a premunium maybe worthwhile if  the home is in places like this. do research mroe indepth to the area itself and you will have a better understanding of gambling in Atlanta markets :)

@Al Phillips  It's a little unclear from your post but reversing from the numbers it looks like the total purchase price is $140K so if you get 100K loan from the bank and the seller carries a 2nd position note for 40K you expect to get it with no money in it at all.In my experience, banks are not super thrilled about it because they want you to have some skin in  the game and regardless of the second not the underwriters usually ask to see enough for the down payment in your bank account for at least 30-60 days. 

It also seems like there are 6+ month waiting lists to get into modern, resort style apartments around here so tenants may be out of luck if they take a gamble leaving, which i think is playing in us (Landlord's favor) as of now as they don't have as much bargaining power.

It shocked me that instead of saying "I don’t know about investing and I want to learn about it" they said "Real Estate won't work since the mortgages are crazy high so profits are not possible and the Stock Market is just a gamble".

How about stock market or Vegas gambling, any language on that?

It would be a deal I would be thrilled to take to make it happen. 

I think of these other coins as penny stocks and as I am a gambler I bought them as a gamble and if I sold today would be what.....a 2000% return not bad lol when bitcoin hit 2k this year I started watching again.