Prepare a month-to-month rental agreement instead of a long term lease, as it can be terminated for no cause much easier if things don't work out or as needs change for either you or your tenants.3.  

If it were me, I buy with seller financings in order to work out the title and terms details.In the meantime, you can seek to control the opportunity with an asignment and a way to cloud title that thwarts would-be competitors from snaking your deal.

I have recently come across a foreclosed house with an ARV of $480,000 to $500,000. It needs $50 or $60,000 in updating/ remodeling. Has minimal deferred maintenance and I am likely able to purchase for $250,000. Howe...

It's particularly great for workouts at the gym.

My first attempt to rent out my condo using an agent didn't   work out well , the property was not rented and my contract with agent is over.I can continue to try to rent through an agent or do it myself.

If you and your investors go into this assuming things will work out well, you will be in deep doo-doo if things go badly.  

., except they were able to put off their move out date by two months by getting you to agree to a lowered rent for two months that will supposedly be paid back later.I'm not saying it won't work out, just pointing out how it can easily turn ugly for you. 

We've been doing a lot of searching for deals on Craigslist and MLS, and found few, but they didnt work out for us. 

I was reading the other day about how PE firms are foreclosing very aggressively bc it's a better play to repo and re-sell than to conduct a workout.

The only way I see real change happening to an area like that is if one investor or group of investors came in with a plan and bought up entire neighborhoods.Have you seen this type of concentrated effort come together and work out somewhere in the past?