I was looking at a property here in DFW near Grand Prairie that was built in the late 1960s.

A survey is usually a few grand, appraisal can be up to 3,500, title insurance and report in the thousands and this doesn't include the other fees.The way we typically do this is to have my buyer sign a confidentiality agreement with the seller or the listing brokerage company.

You can go buy a Garcia reel and get a custom rod, buy out Bass Pro's bait department and get a 42' Grand Banks trawler and sit at home and study techniques, fishing holes, and run pro forma income and expense projections for months and starve.

I learned a few things ( a ton) on BP by repetition of others with more experience.  1st, it isnt passive income...you still have a certain amount of work and responsibility cut out for you, even with a management company.  2nd, grow the money you have in your "wallet"... don't wait years to be able to finally apply it towards something grand. 

I also procrastinate which only makes my life harder.So either way, it may not be a grand step for many of you, but for me reaching out to others to ask for help in any way is an accomplishment for me, so I'm glad I joined BP-even if I get tough love!

Offering them a few grand for cash for keys may be the quickest way to get them out.

The article says one thing but it also says another which is confusing some.The article says that the home was foreclosed on and bought at auction for 5 grand.

Hum???

I have close to 15 grand saved, but I would like to know what are my best options in purchasing my next property.

Stick it in one...the bulk of your 50% rule will come when you replace a roof for 5-8 grand or have a new heat pump/furnace.