Originally posted by @Jaleen Anderson:@Joe VilleneuveI use Zillow  No, not your source for info...What's the criteria you are looking for to define good/bad/ugly deals?

besides standard this is what I want: - Tenants actions (previous bad experiences)- FoundationMy current policy doesn't cover any of them, the foundation is the most vital part of a house and I am surprised they don't cover it.

Make it kind of ugly and scary and at the far end of what you think could happen if you had some really bad luck. 3) I think your personal income should come into the equation to a certain extent.

Every state has different laws on auctioned hoes, those homes tend to be in bad shape and have a redemption period for the previous homeowner to pay delinquent property taxes which prevents any work on those homes until that period is over. 

Good for them, but bad for you.I'll PM you some better options.

@Kelly Conrad 7% is a bit on the low side but its not bad.

The investors I work with are looking at homes with bad floor plans, low ceiling heights, etc. where amateurs don't have the vision and wouldn't consider that home. 

This one is badly in need of a strip & re-paint. 

If you have given them keys already (bad move) change the locks for now.

My game plan would be find a buyer whose willing to do $10,0000 down, $650 a month (maybe someone with bad a credit or wont qualify for a bank loan?).