@John Hovanec I'm not saying to buy it today.

The other is once he has the job locked down, he doesn't really have an incentive to fix it fast since there is no real reward at the end of it while you have to cover the carrying costs. 

Would you buy it today if you didn’t already own it? 

I would be less interested in finding deals, running day to day operations, etc.If you have been able to form a successful real estate partnership in the past where you are (or close to) a passive partner - how did you find the right partner?

I will be mailing a letter today that will need to be signed for.  

In your neighborhood, you don't want to have a vacancy very long, because things can tend to 'go missing'.If one tenant has sufficient income to qualify based on your standards, but the (probably) student with no social (BTW, get a copy of their visa for your records, and proof they are a full-time student) does NOT have provable income or background, the ONLY way to go is to get first, last and security.Since you are living there, you will have a better handle on the day-to-day, and you MUST stay on top of things. 

My question is, if you could go back to 16 years old what would you have done to make yourself more successful as an investor or agent today?

Being new at this, I thought you would only use one agent, but I just read today from Mindy Jensen, "Remember, you can have more than one agent bringing you deals," in her article, 7 Actions to take while searching for your next property.So, it sounds like it's true, and it makes sense to me.

In contract today.

A land flipper can buy cheap at 20-40% off of retail prices (usually direct mail offers), & then still list it below retail prices to move it fast.