The last few years I am trying to build up my investing mentality, while building up my wealth by saving up, cutting expenses, investing in the stock market, building a cash generating photovoltaic, playing with credit cards points and stuff.Now that are cash reserves are good and our son is 3 months old, we decided to stop procrastinating and take action.So recently went to a local meet up, through "meetup" app, which hosted by an investor the last few years.

This is for properties that have had some history of either contamination, or had business as tenants that were generators of hazardous waste.

A generational family fortune can be squandered away within 3 generations while somebody growing up in the hood/poverty like @Sterling White can accumulate hundreds of properties and amass a ton of wealth.

Hi @Duane Johnson,Thanks for posting in the forums.However, we do not allow self-promotion, and posts looking for real estate agents tend to generate a lot of self-promotion from the agents on the site.We've locked this thread so it doesn't get filled with these posts.

We agree at closing to have seller hold half of what rental season is expected to generate ($50k). 

appraisers are random # generators!

Out of that loan when we closed everyone got paid up front.. the teams on the ground got their profit the marketing company got their spiff / commish and we now had a loan in place.. once rehab was done the take out lender sent in the same appraiser who did the apprasial for the PRe qual.. and they did what was called a 442.. which verified all the work was done and then the loan would close shortly there after.In those days we could all make money at 65% of ARV.. that was enough to pay profits to the operator on the ground and pay the marketing company their fee's.. when the take out loan closed we got our return on our HML .. and the investor ended up with the home and a new loan.. now generally they did a 75% ARV loan so they actually walked out of the transaction with between 5 and 10k of refi proceeds. many times we would do 4 at once for the buyer.. all they need was the fico score.. and 4k up front.. they would get 20 to 40k back at closing tax differed and the property should generate 100.00 to 150.00 per month positive cash flow all expenses accounted for.

Tenants need to be informed about revenue generating opportunities and being reminded to cancel their cell phones, internet, sell their new car and buy something they can afford and that ramen noodles is the cheapest meal out there. 

I keep hearing that this is one great way to find motivated sellers but I don't see how to generate this list at all.  

My main goal is to develop a portfolio of rentals to generate passive income.