Working for a developer and having done many deals where we operate and manage and have investors the deal is typically a water fall where.

Build a buffer of time and repair cost accounting.Additional infoWHOLESALINGlistingbook.com or equivalent serviceupdates via email bank owned properties, price changes within range, new lists at/below $50,000 (not worth $50k)Send realtor offers with number/house address… they send to banks.. maybe 1/10 accept an offerRealtor gets a contract for youYou go check out the property to ensure nothing is crazyYou may be prompted to put down a deposit about $1,000 (don’t have to)Check that the title is clearPlace the house back on the market “handyman special”, cheap, cash, phone, email) at least $10,000 more than your offer.. eventually you may build a ‘buyer’s list’Get the new buyer to sign the contract with the realtorTAX DELINQUENT PROPERTIESLocal assessor - contact for people with delinquent property tax records —> excel listSort excel for names, addresses, amount of taxes, taxes that are 2 years old (and older)Contact the owner via letter ‘im oliver, I see that your property is behind on taxes…’“Dear Mr.

Is there a certain price range when investors are regarded as serious investors?

Hi, there are several lenders who will do smaller values in that range.

Rents range from 1000 for a 1 bedroom/studio to 3k for a 4 bedroom.  1400-2200 seems to be the norm for 2-3 bed. 

What I have discovered thus far is an abnormally high water bill (e.g. $160.00) of which I pay.

I bid on HUD home and the offer was accepted I am scheduled to have an inspector come out this Thursday but I just received and email that we can’t turn on the water.

Look up your local code for ice and water shield installation. 

After looking at several dozen single family properties (more or less with no rehab necessary) ranging from $130-$175K, I’m seriously beginning to question how you make money with a long term hold single family rental given the tax rates in desirable school districts and the lack of any exemptions on assessed value for owners not occupying the property.

I would start there or check loopnet and see which brokers are really active, especially in the 20 unit range you're in and call them for a referral.