I live in Ct.I walk almost 3 miles, every day, in the Mall, in Meriden, Ct .4 stores closed this week.

The inquirers are from out of state-i am in southeast Michigan. 1) Should i "scout" for property leads by going to a real estate broker at all or is that jumping the gun?

There was not one single comp with a 1/1 SFR in a five mile radius.

It is 4 blocks from where one of my sisters live, and 18 miles from another.

In the Southeast (And I suspect in many other areas too) Banks and government pay a fixed commission to the REA whether the property is sold for $1,000 or $100,000.

I dont know anyone in the property managers office but they all know me and that I live 500 miles away!

If I get a call from an investor that is several thousand miles away and the first conversation mentions owner financing investment property, I would tell him/her this.If cash is not as plentiful as you like, start with one property....allow us to manage the rehab process, sell the property and continue doing this until you are comfortable enough with your reserves to purchase properties to hold.Owner financing is a method that involves a lot more diligence.

Miles?

I'm about 80 miles north of you.

Rich No problem Rich ;).Warnemunde is near Rostock and Rostock is about 340 miles away from me.