His first advice was to learn how to walk through a property and discover all that needed to be repaired or improved.

Joseph L. if you're planning on raising rent by 13% with next to no improvements, your 10% vacancy is about to skyrocket....And depending on your location, an increase by that amount may be prohibited.

I have a decent idea that around the UT campus area rents range from 400-800+ depending on what you are renting of course with 400 being an efficiency apartment.I would not spend over 30 grand on a home, would like to buy one which needs maybe 5-10k of fixing up. knox has a large amount of homes in this number bracket.My idea would be to either owner finance a home, or pay a large payment down and receive a loan from either a bank, or use some other options I have regarding acquiring the money (too many details).What do you all think of this idea?

.-- Have you personally and thoroughly inspected each property and then made a detailed list of all the repairs and improvements you feel is necessary.-- Have you put numbers to the costs, delays, and holding costs?

Brad Gordner a Master Lease Option for a multi is when you can get a property poorly managed and guarantee the NOI, then fix the rents and improve the services, thus make cash flow without buying.

Also, the $126 light on top of my building is rented by a large bank; that has recently had a motivation to improve the surrounding area.

I have always been a people person to start with anyway, I think this is the perfect outlet for that energy.

Created a list using the following criteria:Geography: Counties of interestProperty: SFR'sEquity: 100%Market Sold Date: Last 6 monthsNon Occupied Owners: In and out of stateI've bought these list and now will research them to send out direct mail to solicit their interest in my wholesale properties.Any suggestions on improving this technique?

When they're nuts, you can't hope for that kind of resolution; all you can do is protect yourself the best you can and try to deflect their energy to somewhere harmless.

Several of the owners and I have discussed the idea of setting up a HOA to improve neighborhood conditions, and improve desirability, etc.