I'm pretty handy, I demolished the kitchen myself, put down flooring, and electrical wiring and all that. 

Also need to be able to obtain a line of $10-20k for it to be worthwhile and be put to use on real estate (a $2500 line won’t give you much buying power).  

I wound up coming up with standardized language to put into the lease (which originally just said that service animals would be permitted according to law).

SO the house did sell, and the buyer put up his EMD.  

( my thought on this is to keep them because I know what kind of tenants they are while keeping them happy) or Raise rents but puts be at risk of losing these great tenants?

I already know he’s planning to try to put a road assessment out for the road which never had one so I know it won’t stop with just this one problem.

I have the availability to put down $75k to $125k of capital for a deal and I'm flexible on the location.

As KnickKnack said above you want to gauge their motivation.Once you know why they are selling and when they have to be out you can really run with that info.As for saying your an investor - I generally do not use that word as that may make them think I am made of money and will pay more - but I do let them know I buy homes or put them under contract - whatever I was trying to do with that one.But I find most investors say and talk to much.

As the other poster mentioned - make sure you set it up properlyIf you are looking for financing you will pay higher jnterest and higher down payment having it in a LLCMy recommendation to people is for their first few properties it may be worth putting in your own name and have an umbrella insurance policyIt depends on what assets you have.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.