Never give them part of the after sale profits,ever.Have a plan,hire the right contractors,and push them to complete it without excuses.Purchase all the materials yourself and make sure it all arrives to the job site and doesn't end up in their cousins garage to be used for their personal use.Rule of acquisition #74, "Knowledge equals profit".Before you sign a piece of paper or plunk down one dollar know,don't think,know exactly what the property will need to be fixed,listed,and be sold quickly to prevent this year long sale from ever happening again.Get advice from local experts on everything from the neighborhoods to invest in,where to buy the best materials for the best price,and who the best contractors are to hire.Good luck in the future.

Of particular concern are famine products, condoms and plush toilet paper being flushed down the toilet.

All good, but a lot of renovation work done.I was super nervous because I have the old owners paperwork and he did not do to well in the past, to put it kindly.I stressed about this way too much... but glad I was prepared.5 unit should be coming due in a month or so...

It's sheathing, felt paper, and asphalt shingles.

On paper, I feel loaded on all cylinders...with nothing to fire at.

Hello all,So I found an upcoming foreclosure auction listed at a Firm's website and announced in a local paper. 

I'm sure the projections of high cash on cash returns look good to you, but I can guarantee that what you see on paper won't be close to reality.

As pointed out by @Tim Simmons the county recorders are very particular including font size, paper size, margins, space for recording stamps, costs, notary stamps, and anything else you can (or can't) think of.... 

However the owner can request that the send a paper bill to the property address and an ebill to the owner by request or the owner can sign a form allowing the city to ebill the tenant.

I passed on a 3%+ on the paper deal once.