The rest bought cash by bringing in partners who brought cash to the closing table.

If I was guess I would say minimum of 100k to buy the equipment .. then you have staff and that is always an issue.she also has an ATM  but that has caused her to get broken into a few times.. but it does create revenue.and its a lot of work.. she also serves light food  breakfast sandwiches  lunch  sandwiches etc. you need commercial coolers in the back to store the gallons upon gallons of milk etc.I have seen out our way these do pretty good and that's the little mini drive through stands that are manned by one person and or two max.. all in a little trailer with drive lanes on both sides.. hitting the commuter traffic. you get permission to put one in a shopping center parking lot that kind of thing.  

people in default have already gotten many many letters from their creditors and now there will be many many letters from individuals trying to buy their home.If they wanted to sell it they would put it on the market  .. these particular folks usually wait till the last minute to make a decision or in many cases have no real equity so its not a deal anyway.. while you can try these I think you will find the return by just sending out mailers will be pretty low. these are bought by door knocking and establishing reporte'  at least that's our experience of doing this for a few decades.  

They look like used motel bed comforters.Lower the rates for sure.Bedspreads are brand new, literally just bought them. 

Was it rent ready when you bought it?

I am BRAND NEW to the industry, if you could call it that.

On the other hand, wholesalers that have good deals and especially ones I’ve bought from before...

I bought the house for my retirement.

I can say this because I made this mistake and bought several dozen homes and almost went bankrupt.

I gravitated toward becoming a real estate investor 8 years ago without realizing that was happening.We bought our first home in 2010 (foreclosure) with cash during a time when prices were near bottom, and we bought using 60% our own money and 40% private loan from my MIL.