You should also find investors locally and network with them face-to-face.

You should also find investors locally and network with them face-to-face.

And the seller is facing foreclosure and got the house for $1.

It's just big enough to be legally a bedroom, so TINY.My question is to those with these 'barely legal' bedrooms, if potential tenants ever take issue with it and you have trouble filling vacancies listing it as a 3br.

The current system is backward; instead of seeking long-term tenants whose rental payments barely cover the mortgage and expenses, you should rent properties short term, charging nightly rates.

Learn to deal face to face in your prospecting so you can avoid such complaints.

Below is a taxation issue your seller is facing, not Dodd Frank. ------------------------------------------------------------------------------------------------- Your sellers are exposing themselves to a "Disguised Installment Sale" to the IRS.

What kind of 20k issue might you face?

face value or can you squeeze a 20-30% profit out?

Personally going purely off finance alone I wouldnt sell it because there is barely any meat in that deal in order for me to sell and reposition that equity some where else.