Just an update to this,I placed an offer of 150k with additional stipulations, (exterior painting, evict slob tenant, broom clean slob tenants unit).

It had actually been tried before, but number of problems need to be solved to make it effective.

I had a girlfriend who was special needs (epileptic), she got her money on time every month, and had someone come in who cleaned and cooked every day, the house was always clean,(unlike any of my other renters), rent was always paid on time, no damage.

Bill for a starter why do you think it is necessary to organize as a not for profit to operative effectively in this market?

I would probably not do this method because I am a dog lover however i must admit it would be highly  effective  .

I want my system kept clean, so should I provide filters for the HVAC?

Therefore you effectively have no debt at all.

I had similar thoughts years ago and I chose not to be a landlord for ever, I don't mind calling on the phone, I'm just not going through having to manage a PM, much less clean outs and taking applications!

You'll have more cleaning costs, you'll have to include utilities in the price, etc.

He has about $4.7k in property taxes, and he'll borrow money from a friend to pay the oldest tax to keep the property, but would just rather sell by the end of the month.comps are 60k range Avg rent for area is $800 on rent-o-metertaxes at 4.7k (included in price)not sure what to estimate for repairs, but it could use paint, carpet cleaning, new toilet, and new lighting in partial finished basement.Asking $38,000 oboWhat do you think?