Don't just target the obvious CL ads, go after the indirect indications that there is a house to sell, such as an estate sale.

David,You don't need to be an agent to learn property sales.

If so I would think treating it like any other real estate sale, complete a correct contract, after you have determined the ARV, rent rates, and if your offer works for you and the other party.In regards to funding, there are most likely options (sorry I know very little on this subject) and this would also be a first step, once you determine that the property will actually work.

For example if you wanted to purchase multi families for cashflow: You could quickly check sales of duplexes/fourplexes etc. in the last 6 months to get a feel for ARV's.

Does anyone have a rec for a spreadsheet that shows the basics of P&L associated with a rental property, but also lets you input hold period and value appreciation assumptions so you can get a full picture of the IRR after a sale?  

You can use sites like Redfin , Trulia , Zillow to look up properties that are for sale and sold prices .

I am absolutely 100% committed to pursuing Real Estate in some capacity or another for a very long time, I am incredibly intrigued by the "no ceiling" aspect of how far you can take this business and I thoroughly enjoy every facet of residential homes from construction to sales to ownership.

It's a great place, I'm excited to work a sale like this!

Tim Simmons I would suggest that you interview several Realtors and ask them the following questions, to ascertain if they are truly Investor Friendly, or if they are throwing you a sales pitch. 1.

I had a guy tell me the other day that Contract for Deed was the way to go with properties over renting. Keep in mind I am from a small town where property values average around $50,000 or so. He said you can get a $1...