I have a decent idea that around the UT campus area rents range from 400-800+ depending on what you are renting of course with 400 being an efficiency apartment.I would not spend over 30 grand on a home, would like to buy one which needs maybe 5-10k of fixing up. knox has a large amount of homes in this number bracket.My idea would be to either owner finance a home, or pay a large payment down and receive a loan from either a bank, or use some other options I have regarding acquiring the money (too many details).What do you all think of this idea?

.-- Have you personally and thoroughly inspected each property and then made a detailed list of all the repairs and improvements you feel is necessary.-- Have you put numbers to the costs, delays, and holding costs?

I spotted a abandoned property along a bicycle trail I ride,So I stopped and posted on the door is the bank foreclosure notice along with the details of the winterization process.

Too much details will have you talking yourself out of the deal altogether.

This most commonly would be achieved by getting the properties under contract to purchase with an inspection period, or working out some type of option to sell deal with the seller.I'm not a coach so I won't get into much more detail other than that.

I do realize that there is no clear way to determine the route to my goal for this business in detail, as the potential variances and differentials to my "plan" would make it impossible to predict.

I am sure I am missing the devil in the details please help point out potential pit falls.

Can anyone recommend a good Contractor that will go out and inspect the property and provide me with a detail list of repairs needed?

http://www.triadmastermind.com/meetings/special-events/details/27-building-wealth-through-real-estateLooking forward to hooking up!

The original deed of trust and any assignments are recorded, but details of the note remain private.