Hi BP, I am 16 years old and I plan to get into the real estate agent industry once I am of age to get my license.

Renting), and now our rent/utilities are so small that we are able to look at using our funds for other opportunities - aka real estate investing!

In fact, I preface every offer I make with a letter, actually, that explains how fortunate we are as industry professionals to be helping two parties with complimentary objectives on such a large and exciting (and sometimes stressful) scale accomplish their goals.

Congrats on getting into the industry and for cutting your teeth on wholesaling.

I will do some due diligence and make sure the land and utilities are solid. 

@mau pan not sure how the laws work in pa but in Georgia you legally own the property the day of the foreclosure auction even though it can take several weeks or even months for the attorney to prepare and record the deed.So I always immediately get insurance, put utilities in my name and if it's vacant, get physical control and change the locks.Regarding the possibility of leaks, I always ask the water company to put service in my name, unlock the meter but leave it turned off at the meter.You can the turn it on yourself with a curb-key or a decent pair of pliers.

I use 10% for capex, 10% repairs, 6% vacancy (1 month of mortgage and utilities) and 10% PM. 

I love to learn and want to get in on the real estate side, but I still want to be able to utilize my technical and design skills.

We spent $4,000 on furnishings and fixtures to get it running.The other is a 5 bedroom that typically rents for $2,000/mo as an LTR, we spent $5,000 on furnishings and fixtures to get it running, that one took a while to generate a following, it was hovering around $2,000 in Airbnb/VRBO rents, so it was losing money with utils and the like.

Either that or price for that possibility.Buyer would want to have affirmative coverage for forced removal... and without knowing whether those are overhead or underground utilities, it's tough to say whether a title insurer would agree to that.