That being said if you have a good system that keeps the labor to a minimum on that then maybe it's not worth the 50% of rent to have someone else do it for you.I have met a PM that specifically said they would do it that way, but if there was a problem with a tenant you placed then the services provided by the PM to get them out would be charged at an hourly rate.

Best of luck and be sure to check out that sewer system for sure.

That increases costs versus standard demolition.

Just in case anyone is following this thread or reading it in the future, I wanted to post an answer to my own question regarding a system for paying investors in your fund.

I would do a tour of the house and see what conditions the roof, mechanical systems are in also.

The 401k holder would take this route to enable them to "make a living" from their incorporated RE business, versus having all profits flow back into the tax-sheltered account (which would be necessary if your 401k was directly engaging in the activity.)Steven Hamilton II or @bill walston - can you shed some light?

Karen M, if the mentorship offer is available in the middle of 2015, ill have my five crews solid, and the systems fully implemented and functioning.

Landlord's bootcamps and training for setting up your system.

When the data is loaded into the system, the system spits out an eligible level the most commonly know are DU responses which are Approved Eligible (EA), and EA 1 and EA 2, where the 1 and 2 are diminishing levels of qualifying.

One of the properties redeemed, and the other is still in the court system.