Typically properties I look at cost around $1.2M and need about $150-200k in renos to cash flow.

Again, this is typically initiated with a Pay or Quit notice giving a tenant a certain amount of time to remedy the problem BEFORE the next step which would be filing through the local court system for an eviction.  

There is typically a fee every month to keep the option alive, but there doesn't have to be.  

Hi,What is the typical process that goes into purchasing a larger apartment complex?

Finally realize rent appreciation typically correlates closely with property appreciation.  

Typical investment company like Fidelity, Charles Schwab will not handle self directed 401K.

@Elizabeth Ricci - short sales are a little more difficult but also due to the timing you also typically have more outs.

Hi, typically a conventional bank will want you to be on title for at least 6 months before you do a cash out refi.

For example, if you bought a house for $100k and sell it in 2 years for $150k, you will typically have to pay capital gains taxes on the $50k difference.

Sellers often hire a auction company, which advertises the property for sale and typically hosts maybe one open house to show off the home.