Finally, what is the ease of collection for that neighborhood and will your tenant applicant pool have bank accounts that allow you to do online rent collection vs in person or mail-in checks?

@Thomas Connolly @Ben Byma @Brian Woods @Rick Hasan @Rachel Imhof @Oscar Setiawan @Deborah Banks @Takara Sharps @Amisha KumarWould love to see you guys here!

Get rid of property owned by banks, county, other counties, municipalities, trusts, LLC's, etc.  

If your inspection fails you can walk away right? 

I would do some research on the web as various banks have different ways of sharing available properties.

He is willing to pay the 20% down payment most banks would require, but I doubt a bank is going to want to touch this offer. 

I would pay 40k for a house that will rent for 950-1050 with minor repairs and I would have the bank finance 80% of it and get the seller to pay closing costs.

And I have roots, big roots growing into the clay pipe that will fail at some point.

I was lucky, the bank had taken out several dumpsters of trash and the carpets.  

@Nicholas Reece You could take the investment to the commercial side of the bank.