Phil,Renting rooms with common facilities is closer to running a hotel.

i.e. screening buyers, negotiations, contracts, financing, inspections, title, repairs, BUYER'S REMORSE, etc...

When you make an offer, the inspection is part of your contingency to buy.

You can spend closer to $190 and buy all the books you would need to get a good grasp on RE investing.

Ive fixed plumbing problems in my rental units from main drain clog, froze/busted pipes to broken mains inside and out root infiltration you name it. call roto rooter get a sewer camera inspection and find out whats wrong it may be a busted elbow this may be cheap to fix now if you have crushed main's some plumbing contractors offer a pipe bursting or pipe relining service and its done with hydraulics they don't even have to dig your soil up they inject a liner in your pipe with pressure guarantee 50 years also try rotorooter,com p.s i had this same exact problem sewage coming out under kitchen i ripped up the floor dug around the pipe then called my plumber to fix it cost me less than a thousand bucks

Hello all...I have my eyes on a Section 8 house that is described as: "Section 8 rented to tenant (just passed inspection) for $650 per month.

Chop,A little homework for you.Check around to see if there are many Mobile Home Parks (MHP) that are closer to you than the cities in the south.

More alligators will only mean you are closer to death if you lose your job, etc.As the LV market is not really all that healthy and there is high turnover there will be deals to be done.

Is it after I do the home inspection and title report?

I've seen some nice deals come along but it's an odd prospect because those homes may be occupied, and there is no inspection before bid, other than what you can see from the street.