I feel silly for even posting it… I think this is a you know the answer situation.

I've learned lots from original post to now. 

This post is worth AT LEAST 50 votes!

As others have stated, the people who do it successfully are very actively managed, and by active-- let me give you a hint, that means they will probably be late on a normal basis, so you'll need to be posting 5-day pay or quits, and filing for evictions with the courts-- now if it's a good tenant, it will pay before the court date, but that stuff isn't in your spreadsheets, is it?  

Originally posted by @Chuck Masters:@Wayne Brooks your explanation is what I would expect but I keep reading on various lawyer web sites that the transfer tax is 7% of the current mortgage which for a 150k mortgage is 10,500, which is just nutz!

Glad you chose to post here at biggerpockets.

There are plenty of posts looking to do that. 

Just wondering what you found out on the home you posted about on March 26.

Originally posted by @Daniel Lozowy:If you've got the NAME and ADDRESS, what's the best way to contact the owners.

So much for his post...