You do not need many responses to be successful but this is a difficult game to win on the cheap.

I think being in NYC, if you can buy the lot for cheap and have the connects to build a home, there is incredible value there.

Loaning a on most likely cheap non warrantable condo is a lousy loan to make.

I would like to invest in multi family but around here good multi families aren't cheap.

Since it was in the middle of recession (end of 2009 - beginning of 2010) I got the property very cheap, for 125k.

One other idea, that might show the tenant you're as concerned as he/she is, is to put up a fairly cheap surveillance system to monitor and entrance where the packages might be dropped off during the day.  

I'm also not a big fan of really cheap turnkey properties because they tend to be in challenging areas when it comes to Property Management.

Rachan Malhotra - if you want cheap Fannie/Freddie financing, you'll need to acquire any properties in your name.

I think I would be a far greater negotiator during the process which would serve them well if I could get the liens down to a cheap payoff.3.

However, you need to collect the BAH when you get there, so find a small (uncomfortable small and cheap) place for your family to live until it is rentable.