I did not include:( Hopefully, I can get through the first year with minimal costs in that area because all appliances, carpet, hot water heater etc are brand new.

The house will be a very minimal rehab project if we do manage to get her to sell the house as it requires mostly cosmetic repair, although I won’t really know what it needs until I actually get out to the property and take a look for myself, adjusting MAO accordingly.

Although I am looking in a different area (Ferndale, Oak Park, Royal Oak, Berkley) I have seen home in not so nice areas of some of those cities go from $40,000-$50,000 prices to anywhere from $80,000+, making returns minimal.

Also, the inspection went really well with very minimal things to fix.purchase price $191,000 4 plex.25% down at 4.75% interest rate. monthly mortgage $1,150Total rent each month $2,350 with a on site laundry that brings in around $80 a monthunit 1 $550, unit 2 $575, unit 3 $600, unit 4 $625my water will average around $180 a monthcash flow is roughly going to be $1000 a month not including vacancy rate and repairsall four units are rented and the tenants want to stay. 3 out of the 4 tenants are all Air Force since it is close to a local base.Do I want to have all the tenants to sign a new lease?

Okay, I'd love to see anything indicating Jack Welch personally guaranteed any loan with GE as the borrower during his tenure at GE.Again, I was not looking for a fight.

So the auctioneer told me to always listen for an odd bid from the beneficiary to indicate their top bid, the loan balance.

Jonathan Hi Johnathan, I was reading and studying Wholesaling....I am still struggling with the process of it, is there anything on this site or do you have anything you can send me about the process...for example I know from being a former real estate agent that earnest money is placed upon a mutually agreed signed contract usually $500.00 depending upon the value of the property....While that is not an enormous amount of money, if one sets out two or three contracts trying to whole sale it is a risk of loss if the deal does not go through...since i am restarting or reentering this real estate investing world with limited resources, I was wondering about strategies and specific process to follow that help minimize the risk...I like the double closing ideas, I had watched a video on wholesaling and that is how he described it as well...any help would be welcomed.  

It is my plan to get started with a foreclosure property with minimal to moterate renovations needed.

No indication of Antioch improving soon, but if you wanted to brave it for the long term, Nashville's growth means that Antioch may rebound in another decade.

(Your profile indicates you “… have a very solid background in residential and commercial construction and remodels“.)