Now you may find somethimes that what you seek is right under your nose just keep looking 8) !

When you are all done send the son and the dad a bill and after about a week make a nice call to the dad and let him know you haven't been paid and would be going to small claims court to seek payment from him and his son.

Seeing this thread encourages me to be more courageous and seek out people.

If however you are seeking 10,15,20 year fixed loans expect the basis points to jump 75 to 100 into the mid too high 5's on average.

Will seek legal help on this before I proceed further.

Inventory and fixtures can come from you, investors and from financing....all this takes some knowledge and guts as most mom-pop types fail in 4 years, but if you're the landlord it makes getting over the hump much easier.....but this may not be for you, but I've done this and got out with more than rentsJust saying, instead of putting an ad in the paper and hanging a sign, get active in seeking out the tenants you want. :). .

Hi folks. I am currently trying to start my investing career all over again. I have been reading everything I can and trying to catch up. I went to my local REI club. They have a mentor program....but it's 10k!! ...

I am currently seeking a Mentor for guidance, knowledge and wisdom.

Call every lender and mortgage company you can find on the internet/ in newspapers/ direct mail/your wond bank that lends and tell them what (in there language) you are seeking.

So, the current owner is seeking a private sale.