The properties that come in for foreclosure and action and others that maybe the owner like to sell with the help of the site.They will sell most of the foreclosure with the same old fashion trust action that is happening every first Tuesday of the month and you need to be present to bid on them, if they could not sell in on that they they will list in online.One of the problems I saw before on the site is the fact that they will bid up the property on behalf of the seller.I call them myself and try to see how this will work and they told me that they can bid on my behalf until the price I like will pass.Hop this help.Thank you

I'd rent it for one more year, and over the next 6-9 months update anything amazingly out of fashion, fix anything broken, clean or paint anything dirty.

I wish you all the best in western Michigan and if there's anything I can do for you in the thumb or in SE Michigan let me know.

Since often it is hard to see that coming putting your money to work in some fashion is a hedge.

Although I'm not out in Western MA, it seems to me I've gotten a few calls for financing of multis in Adams (this is not a solicitation for financing, I don't lend in Western MA) It may be more cost effective for you to buy and renovate, since I seem to remember the buildings were very inexpensive out there.

You could also ask for bank statements, and explain to the prospect that you underwrite tenants in a fashion similar to a lender.

Last year I did 7 flips in Western Nevada (near Reno) and used the proceeds to obtain a SFR rental there that is cash flowing.  

   Yes, you will need to send an itemized statement showing security deposit and what it was used for, anyway, if you're not returning it, so send the statement showing all damages, allocation of security deposit, and balance due in a timely fashion as required by your landlord/tenant laws.  

PM's have the resources to get repairs and maintenance done in a timely fashion, and we all know things go wrong at the absolute worst times.

I've learned and been inspired so much by all the guests on BP and got to work doing things in a completely different fashion than I did in Kansas.