one thing led to another and i have this house under a Purchase agreement. 1. there was a family in there. the wife was mentally and physically sick. there were human excrement everywhere 2. carpet, hardwood and sub-floor are trashed 3. there were 2 dead dogs, one dead cat and the skeletons of 2 other animals 3. the window AC was angled toward the hardwood and the entire wall is molded 4. when the crew opened a garbage can there were diapers from the baby in the family.

Interesting to see the wide variety of deal evaluations from poor to good.John - thanks for the market insight.

Like that session at the craps table, your actual experience for one property for one year can vary widely.

Especially for such a large downpayment...The appreciation angle can work... but I would only consider that in a fantastic location (Class A) where I felt 100% assured it would come to fruition.For $300k, I'd take the cash flow and try and get in to a good (but cheaper) location.

The relationship angle has always worked for agents, but I'm interested to see if someone can buy 150 houses that way.

A great way to learn is to listen to wide array of podcast that are available to us.

Depending on the state you may make 12-50% return and the property taxes we have purchased vary widely from $3.02-77k. 

how many double wides?

It could make for a wide variable in calculating necessary projected expenses...and lessens investor's control over their own property.

I think that's an angle i'll try also, just not exactly sure what could or would happen as a result.