An off-shoot would be mobile video production and syndication.

Depending on how your paperwork is set up on your end you are either going to have to go into this with an option contract (which the lender will shoot down 99% of the time) or go in on a State Realtor's contract.On the other end you can get a limeted power of attorney from the homeowner (borrower) that allows you to remarket the property before you take title and become owner of record.

It's a crap shoot.

You should be shooting for $100 per door so this would not be considered a great deal, but this is ONLY using this rule.That stated, you also stated that owner (LL) pays for some utilities which can increase your monthly expense ratio, so be careful.Applying the 2% rule, if you get $1200 in gross rent, you should pay no more than $60k.

Shoot me a PM if you're interested in the link.

Shoot, just the COST of selling this house is a good down payment for another property.So Kevin, unless this house has some other outstanding feature, such as closed comps over $225,000, I think paying $190,000 for $1,795 is not really that great.

Hey Don,Shoot me an email, I have 2 or 3 I can email you back to look over.

Shoot, I would offer $5,000, ALL CASH, and see what they counter at.I have bought 5 houses this year, all cash, and my costs were just Title, Closing, pro rated taxes and some inspection fees.

Of course, this wasn't an in depth business analysis, just the statements coming from a guy sitting on our jump-seat while shooting the sheep on a Chicago to San Francisco flight.

And if there are any new investors in Arizona that want to share goals, track progress, or bounce ideas off one another shoot a message to me.