The drain tile was covered with a expanded netting to prevent clogs.

It prevents me from accelerate and accumulate the portfolio.I start opening up to fixer up multifamily REO property or homepath, where some institution allows less than 20% down requirement for investment.

If the house is really worth $140K, what kind of repairs are preventing her from listing it and coming out with a little cash?

There's nothing preventing the seller/borrower from further encumbering the property or racking up liens or filing BK.

LLC's prevent you from getting FNMAE type financing where you can get rate locked in for full term of loan, like 20 or 30 years.

I also would not ask the seller to evict the current tenants, as it may cause unnecessary delay.We bought an 8-plex and two units had pit bulls.

In return provide them with reliable people in your network so it's win-winTip #5: Get a Google Voice Number - Trust me you need this especially if you are posting ads for RentalTip #6: Preventative maintenance - MustTip #7: Be proactive and not reactive to your tenant's need.

I put everything I can think of in the ad to avoid unnecessary calls.

For example, rent is due on the 1st, late on 2nd - (if rent is late, call the tenant to ask what their exact plan is) - 3rd, post a pay or quit notice on the 5th or 7th or whatever you decide - then follow the process - it will eliminate a lot of unnecessary thinkng and wondering what to do - and don't listen to what the Tenant's excuses or reasons are.

The idea keeps coming up that we are going to end up paying a lot of money to bank in interest on that mortgage (~$100k), so it stands to reason that money invested in that would prevent us from paying this interest, saving us ~$100k let's say.