Best, Lee

I would agree with Lee that if your goal is to wholesale, REOs are a messy source of deals.

@Lee Reeves - Having dug a little bit deeper, I think you are correct that the expenses seem low, and if a correct, higher number gets factored into the math that @Troy Fisher provided, that drags the NOI even lower, however Troy also raised an excellent point about rent discrepancy...why is one four-plex making so much more than the other?

Quote from @Jake Lee: You need two accounts: checking and savings.

@Lee Ripma thank you.

Quote from @Maxwell Lee: Hi, I am wondering what is the proper way to close out a mortgage on a home we acquired subject to.

South Florida can be a little expensive but other Counties are still providing a good price point and cash flow.Pinellas County, Lee County, Citrus County, Pasco County are all hot spots right now. 

Originally posted by @Lee Ripma:Account Closed - I was in your exact shoes about 5 years ago.

Lee P.S.

Hey @Brandon L. that was meant as a response to @Stephen Lee when she said "I also don't know if it's legal (again in MD) to give out my MLS login information to them in order to allow them to run comps"