If I was able to acquire a house I would probably try to put a tenant in there in as-is condition just to keep it occupied and keep the squatters out until the redemption period has expired.

Have you checked with the local building department about how annoyed they are on the condition of the building.I buy these deals all the time.

However, I did rehab the houses back to almost new condition so there is nothing to call on.

However he suddenly had a light bulb moment and started buying them mostly all cash almost any condition, never fixed them up and did owner financing on them all.

If you decide to go with college rentals get co signers and decent security deposits, Dont forget the credit check and condition reports they are important.

I've heard from plenty of people who have paid for mentoring (I'm talking in general -- not specifically about the people/companies you mention) from so and so and got far less access to that person -- in fact, in many cases, these folks are stuck getting coached by some underling with little to know experience.That's why I said to make sure the terms and conditions - including access, how you are to be coached (and by whom) and what you can expect to learn and receive - are clearly defined from the beginning.

if you are going to buy fix and rent the house and it isn't in condition to qualify for conventional financing, the best way to buy is using a hard money loan that converts to a conventional loan once the rehab is done.

Have you visited the property to verify that the condition only needs "cosmetic" rehab?

Have him get a foundation repair estimate and take enough picture that will leave no doubt about the condition before you go any farther.

Lot Rent X Lots X 60 (if its in fair condition, or 70 if it's in great condition and single metered).$250 X 14 X 60 = $210,000 or $250 X 14 X 70 = $245,000However, yes you do have to figure in for the house, but if that is all the rent you will be getting, I am not sure if I would consider this a good deal.