Thjis sounds like a fairly good deal to learn on (some might disagree), although it would be better if your after repair cost was 70% of retail value instead of 76%.

There are various good ways you can market to sellers, as well as calling on FSBO ads and looking on Craigslist.As for PM, if you are up for it, it is really not that difficult to do it yourself, especially helpful if the deal is fairly marginal as to profit, you can save 10% by managing it yourself.

What would be a fair % to give them of the profit made?

If it were, then your formula could be fairly close.

Mostly because properties are more affordable for me, and these areas appear to have weathered the real estate slump fairly well.My goals are to purchase rentals for the long term.

The forums that seem to have the most activity are:•SEO•Google-Yahoo-Search Engines•Linking•Getting Attention to Blogs•Marketing Ideas•Website design and Dev•Social NetworkingAll are great areas to pay attention to, but the single most important piece of the puzzle that I think is being overlooked is MOBILE.Here are some of the leading objections I hear from real estate agents, brokers and industry pros:•I use my phone for phone calls not to text chat•I only use text messaging to communicate with friends and family•I have a client that uses it all the time and I hate it.

I understand that agents need to eat, but a system where the higher the price, the more I get paid isn't too fair to the buyers.Anyways, this turned into a bit of a rant and that wasn't my intention.

It's in a fairly good neighborhood.

Okay, to be fair, I have not used adwords in over four years it may have changed.

Is it possible to be succesful with limited savings, and only fair credit rating?