I have a nice flowing property in Delaware and I'm ready for another.  

I can still sell at a profit and after rehab it cash flows very nicely. 

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

We have been in the attic and can clearly see the 2 areas where wood is rotten (probably 2- 4 long), rest of the wood looks nice and dry. 

MLS access is nice to have, but I agree most "deals" may not be on there at all.

hey Kimo, you basically get the sellers property and you put it under contract yourself if the property is undervalued enough for you to make a profit from that property AND the buyer. then you just sell the contract to the buyer thats interested in the property and you make a nice profit from that wholesale deal

To get a visual, is a basement dirt floor, no entry, but private; 1st floor kitchen & living room, however they just threw a stove & frig, in a room, so, I would have to put in an actual kitchen; 3rd floor 2 bedrooms & full bath (its nasty and needs a full gut), 4th Floor is an attic that is like a full floor so it's a nice perk to store stuff; but the condition is beyond what I can describe...it's like you owned a building for 50 years and you did no renovation EVER and that's the condition. 

@Michael Mullins  pls keep me updated, I am interested as wellBy the way, Wells Fargo does HELOC on a rental :) nice surprise from the big bank :)I am looking to refi as well, my previous experience - local banks offer better rates and I am checking with Quicken Loans as well.

We have a lot of weight (and liquid capital) behind us, so we can negotiate faster and harder than an individual, we know how tax auctions work and can place competitive bids, we're built to find solid properties that need work, and buy them as cheaply as possible.

However; no sales tax is really nice too.