Interesting Eddie...Can you shed any more light on how this works?

Anyway, in light of the points and caveats raised by everyone above, I think I'm really just interested in seeing a few examples of how small investors have gone about evaluating and comparing a handful of markets.

People would ask me how to get out of the lease, the lights sparked, wires hung down out of the ceiling sinks dripped with the tenant paying the water bill.

Even though you plan on renting it out, I wouldn't expend the time and energy unless I could make a large profit selling it.

They will need to put money down that is not refundable. give them a small portion of credit from the rent toward the purchase price if they pay on time.5. the sales price should be the full 100kVery basic, lots of details left out, but it is a basic outline. just make sure low LTV, single family homes, and tenant buyers that have light at the end of the tunnel.

You can do 30 year amortization, but most want 3, 5, or 10 year balloons so there's a light at the end of the tunnel.Is your lender willing to allow the 2nd position mortgage?

Upgrades:-New roof-New carpet-New tile -New paint (interior / exterior)-New light fixtures-New ceiling fans-Master bath remodel-Granite counter tops (whole house)Lessons learned: Always change the locks on your rehab, on day #1.

Recently passed on a home that needed only light "ginger breading", along with a new A/C unit to bring it to market.

I personally think the under cabinet lighting would give the kitchen an awesome look, but I prefer the shorter cabinet above the sink.

Title research is almost as much art as science, and the serious nature of it shouldn't be taken lightly.