Banks do not work through this type of wholesaler.The quality of the deal you find could be a function of the local market.

What branch of state and loal the government would have all housing info? Anything from, abandoned homes, to people behind on taxes?

ORRehab all to the fullest, and maybe use the back building as a in-law house..ORDemolish back building, and use the floor as a nice basketball court or tennis court, keep the big shop garage and modernize the outside, tear the front house down, and build a new house on the remaining foundation, with attached garage, and second floor giving a total of around 2,500 sq.

I am going down to the court house later this week to get my business licence.

tracy,Two things: file in small claims court and get a debt collection agency to chase them down.It normally costs less than $50 to file a claim in small claims court.

So, if I had historical data for the past 5 years that showed no evictions, should I conclude that the eviction expenses are zero, even when an eviction results in about $800 in legal costs/court fees plus 2 months lost rent plus any damage the tenant does above his security deposit.Additionally, you must account for a changing market over time.

., is it enough to go to court over?)

This is not a good structure and a recent court case pierced a single member LLC stating that the single member LLC was simply an alter eqo of the owner.

Because most lower courts don't understand trusts, you will be spending far more on legal fees if you have a problem than your deal is worth most likely.

ncskier,The operating expenses include taxes, insurance, management, maintenance, vacancy allowance, advertising, entity maintenance, legal fees, utilities paid by the owner, damage done by tenants (beyond the security deposit), evictions, court costs, lawsuits, office supplies, phone expenses, etc, etc, etc.