I'm hoping crowd funding will work out.Especially for the midwest small purchases under $30,000 for buy-hold.Just have to make sure were dealing with legitimate funds ( clean money ).Only my two cents

He's an attorney and was at the house cleaning it himself.

I like getting the discount and making the repairs so when I get a tenant it's clean and new.

Pay attention to the details. clean the house. fix everything. then put it for sale. the next buyer will not see any problems and they wont be so paranoid of something going wrong in the future.

He said he would leave the condo clean and give the keys to my contractor.

I handle all my own routine low-level maintenance and have working relationships with a local drywaller, a painter, a plumber, an electrician and an HVAC guy in case any big projects arise.For the security deposits, I set up a separate savings account at my local credit union and do the "set it and forget it" mentality.

@Matt Rosas Some of these guys clean up...I buy rentals out of state in Northen Indiana, and cities like Gary are just like Detroit, burned and boraded up homes, the gangs are bad drugs etc...But the simpe concept is even in hte roughest cities they are people would need homes, there are husbands with families that need homes.

My personal opinion is that a security deposit is to be used for damages / cleanings that have to be corrected after the tenant moves out.  

It has clean lines and is very modern, we currently are in the MEP rough-in stage and installing exterior veneer.

As you clean each unit up and get it priced right they will get occupied soon enough as you determine your target market.