I think the later would be must easier to do.

Who would you call to have it all cleaned out?

As far as maintence, they are easier to take care of than a septic tank.

Greenhorizons, it looks like the experts have sum up your questionto piggyback on what they have said.. wholesaling is quicker and easier money, less effort.. its a good way to start out.. once you build a little cash doing that.. then yes rehabbing will bring more profit per house..but it will take longer to see the fruits of that labor.

I know about the little bird, but I've found that proper "due diligence" makes the chirping easier to listen to!

Then locate a property that fit's your profile.....i.e. 100% LTV, 97% LTV, 95% LTV, 90% LTV with seller assisted financing....ect....Once you know what terms you qualify for it makes the property search much easier.

They want to know that the owners have repaired, cleaned, and updated everything they could to make the home more appealing.

Far easier than most professions which require you to both retain tons of knowledge to do the job and then constant upgrading to keep your skills up to date.

(easier to get the loan)however, this is risky if you can not find a buyeri used this approch only when i am sure to find a buyer

Price/ Unit $ 52,500 Price/ Sq. ft $ 74.46 Rental Income Scheduled Rental Income 48,000.00 ( per year) Vacancy (0%) 0 Effective Rental Income 48,000.00 Service and Other Income 1,615 Effective Gross Income 49,615.00 Operating Expenses Utilities: 4,320.00 Repair & Maintenance 1,300.00 Turnover Costs/ Cleaning 3,000.00 Taxes 2,568.00 Insurance 1,750.00 Total Operating Expenses 12,938.00 Net Operating Income 36,677.00 Debt Service 22,884.00 Cash Flow 13,793.00 Cash Flow/ Month 1,149.42/mo Cap Rate 9.178% 4 2-bedroom units rent for $550 4 1-bedroom units rent for $450 Can anyone help me figure out if this is a worthwhile deal?