The consideration then is the incremental cost of adding to that mailing.With regard to mailing to distressed situations only, I find that the obvious candidates, pending foreclosures and bankruptcy etc. leave out a large segment of the distressed homeowners who don't even consider that they have options in this market.

Next month, I start a 3-month internship with KPMG, and then I start full-time or leave for something else depending on my real estate opportunities.My long-term goal is to manage several commercial real estate assets.I look forward to any personal stories of success, steps you have done differently, advice, or career prospects.Thank you.

I'll just terminate the lease and evict them if they don't leave.

Plus, your expenses do not leave much room for debt financing. yes, I know you choose to pay all-cash, but you must have alternative strategies which would allow for debt financing in the event you needed it and if a building does not support that, you may want to look elsewhere.

And that if someone want's to leave, they are still on the lease.

That is not my area of expertise so I will not comment further and leave that up to an expert in that field.

We leave tomorrow for Las Vegas and a four-day celebration of my birthday.

If the tenant doesn't leave voluntarily, the clause has no teeth.

You'll end up paying about 10% to sell the place leaving you cash out in the $72 - 81k range... leaving you $5 - 14k profit... that doesn't include any holding costs... seems pretty tight.Your other strategy is to invest $19k ($12k down + 7k rehab) for what amounts to $70 a month in cash flow per your numbers above (used 50% GOI - Mortgage defined as $500 - $170 in taxes)

I would not put that in an LLC, you need a family trust or leave it alone as a private family residence.