This is my most effective tool un my tool bag.

First of all, thank you for clicking on this thread, there are a million of them out there and I promise not to waste your time.So here is the scenario:Multi-Family property (4 units) - Listed @ $205,000, on market 65 days.Estimated Acquisition: $195,000Realistic rent: $3000/mo ($750/unit)Property Taxes/yr: $5200Insurance/yr: $2400Planned Maintenance/yr: $1200Estimate Vacancy: 5%Down Payment: 25%Management Fee: 8%I have just recently gotten into the concept of REI and I've read all of the forums, blogs, etc. of investors having a hard time trying to find a good deal in the Houston area market, and I found this property quickly, in a public method of discovery with very little effort in about 45 minutes of searching. 

Go ask them and f they say no, you just wasted your tIme and my time since I read thIs thread.

I'm heart broken right now cause sellers just decided to cancel the house right before the closing, our closing supposed to be on September 8th and I'm really sad depressed right now, agreement were already signed by both buyers and sellers the inspection were already done even the bank said okay to buying the house. when we asked the sellers why they canceled the deal they said because they has to pay IRS 40k and Government blocked the deal and they can't sell itis there anything I can do cause we wasted 3 months of time and $200 for inspection and we'v also did the insurance for the house.

I understand this system isn’t perfect, but it should keep me from wasting time meeting tenants when about 25% of callers never show up to the scheduled meeting anyways.

When it comes to a group of trailers aka mobile homes the big thing I see is waste water and sewage .

So I have them in a ladder like rotation, the first 5 yrs I only have two balloon payments, but I have forecasted that I can afford 3 at year 7 and etc... as you pay off, your surplus grows and you get a snowball effect.

Those payments therefore cancel each other out.The net effect of these two separate transactions is that the seller is able to defer the capital gains tax for 30 years and also obtain cash equal to 93.5% of the net sales proceeds (via the loan).

Fill it out correctly.Do not waste your time or effort to attempt to evict (N4) as it will fail and you will lose your application fee.For non payment of rent the board will rule in your favour every time....make sure you ask that the tenant reimburse your application fee.

If you can offer this service in a reasonable, cost effective way , (which I think today's technology allows you to do), I think there's a lot of potential to grow, just by virtue of the fact that landlords know other landlords, and your name will be out there.