The house was an REO that sat on the market for several months, despite having a low price for the hot area and when they dropped it lower I bought it.

It's really hard to find all three and often when someone hits all three then they tend to drop one leg over time.

They too initially asked for a co-signer, I told them I didn't have anyone who would, they then dropped that and I drove home in a brand new pickup.  

The utilities are split and the tenant is going to be paying the electric bill which includes heat.Just curious to hear if anyone in a similar situation drops the rent for a rental by $25 - 50 because of what will likely be a higher than normal utility bill.Thanks, Erik

A teacher at its finest.I just called Brian at the number listed in his signature and he invested an hour of his time dropping knowledge and wisdom on me.

@Brandon S, drop your rent to a little below market, get lots of applicants, screen for the best one, and sign them up.

Cable or satellite company gets a drop to connect to on the exterior.

Comparable houses are selling for about 100,000 for the smaller one and 150,000 for the larger and most aren't updated.We should be able to sell these pretty easily and would have quite a bit of room to drop the price if needed.A few things I was wondering..Am I overlooking any major problems with this plan?

Even as a GC you get calls, questions, trips to the property to check on work, sometimes drop things off, or see any issues the contractor might run into. homewise.com gives you some ideas for costs even for being a GC.http://www.biggerpockets.com/forums/24/topics/1470...

However there is still not any guarantee that they will actually drop the price.