Both on the upkeep of the property and collecting rent.

Or, if you wanted to get crazy, buy properties in each of the first 5 years, and then 1031 up into bigger properties as you have enough equity and really start collecting cash flow!

Basically, you are just collecting unenforceable expressions of interest.  

If your tenant doesn't have any money, it will likely cost you more to try to collect than you will ever get back.

In other words, how will you actually collect money or otherwise force the seller to fix the problem?

I have a lot of information to collect.

People who currently pay ~$1,700 -2,000/month on rent can get into a multifamily property and pay almost half that amount for mortgage after collecting rental income from their tenants.

I collect rent monthly electronically and I have a part time maintenance man who handles the maintenance.

Rehab minor cosmetic, using private money for down payment and rehab.Rent at new appraised rateRefinance, if cash out is an optionRefinance cashes out original seller too.Use cash out to pay lender backFind a tenant/buyer willing to pay mortgage = current rents, and willing to put 10% down on new appraised value.Seller finance at higher interest (wrap)Collect cash flow, no landlording responsibilities, add the leftover cash out to the buyers down payment = new investment and repeat.

He has been on disability and collecting paycheck from government. 3.