I do not know if that helps give you a good idea but I'd like to know if it's possible to acquire properties by negotiating seller to sell before it goes to foreclosure.Thanks

And then after acquiring a few SFHs, possibly trading those up for something with a great cash flow (duplex/triplex/etc)?

It's not clear if you pay the $10k and then have to also invest in the assets with additional money or how the assets which will be acquired as vehicles for your profits are actually paid for if you give any portion of that $10k to the mentor themselves.

You should also figure out financing, because (I'm in the process of doing this myself, by the way) a hard money lender will cost you more than conventional financing, cutting into your profits.With the information you've given so far, I think it's a good buy at 25k, but I would probably try to acquire it for 20k, since I'm not sure about your financing and expenses.

Several weeks ago @Seth Williams had a podcast interview #31 with Brandon and Josh on how to acquire (and what to do with) inexpensive, raw land.

The buyer can not benefit from the 1031 Exchange unless he acquires adequate replacement property to satisfy the 1031 Exchange requirements.

The numbers don't look great, as-is, but I'm jealous of your ability to acquire that much potential income with that small a cash outlay.

I've budgeted for between $12k-$15k in deferred maintenance issues to address over time following a purchase.The current landlords do not appear to be the quintessential buy and hold RE investor, as it seems this property was rental that was acquired via an inheritance.

Remember, while you are waiting for your property to appreciate (if it ever does), the replacement properties you could acquire are also appreciating.

How does one go about acquiring the skills needed to renovate a property.