(In my area houses tend to stay on the market for a few months before selling.)They wanted to sell quick and were willing to sell for their payoff.

Anywhere else, the demographic tends to be folks who simply can't afford anywhere else-- it's almost like it's just one step up from a weekly rental motel room.

Also, I tend to rely on other factors that keep vacancies low.

Join real estate investment clubs.Have clear investment goals.Understand the local market and potential growth aspects.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

Do you tend to stray away from wholesale deals and why? 

We are here to help each other grow.Get as much knowledge and experience as possible and find a mentor.Join real estate investment clubs.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

Commercial property tends to have a higher ratio of bonus-qualifying assets than SFH. 

You're right, I tend to file for evictions quickly even when a tenant says they'll pay next week or whenever.

I would say that putting stuff in writing tends to get people to the closing table which is why we have contract. 

Hey all, I thought I'd seek the advice of people much smarter than me regarding this potential scenario...I recently came across a property in an up-and-coming area, where the current owner is a mentally handicapped older gentleman who inherited the property from his father and is tended to by a live-in caretaker.