Thanks Derek for the advice that's really helpful, and yes as soon as she told me I shared my condolences and did ask a little bit about the situation but I didn't want to dig down too much to the point where it may be too personal for her to talk about to a stranger.I definitely like the part of continuously following up with her and building a relationship, that makes sense and once she is ready to sell then I think I will have a leg up on others.So my next step is to find out the ARV of the property through comps and like you said try to figure out how much repair cost it needs then make an offer.

I understand this strategy isn't for everyone, so if that isn't an option the live-in flip method is also a good way to build up some more cash for investments.

Hello, I have some questions about the process for having the property rented out, so here we go:1. How do you make sure they pay the water bill? I already plan to have it included in the lease and agreed upon but doe...

If the property has two units and both units are occupied, then a new owner can offer cash for keys (the easiest method) OR evict the newest tenant (or the tenant who is not over 62 or disabled and there are additional rules - check the RSO handbook) to move into the unit.

One step further, we'll generally see MF Properties lower, around 20% land.

My next step was to confirm financing by talking with local banks.

.), how the title process/paperwork differ from buying a regular property, and the pros and cons of this method?

Next step, find a lender that will lend to a new LLC.

So it's my first step in the buy and hold game.

Dmitriy, good advice on the next steps.