It could easily be converted to produce crops.

As a real estate agent ,I could easily analyze the property value as compared to owed taxes to determine whether or not the property would be worth foreclosed, but foreclosure usually isn't the goal of the investment.I haven't really found any sources of help online that explain the ins and otus.

The seller sold a house they had trouble selling and the buyer of your option and the house instantly gets $50,000 of equity from the house and of course you made your $50,000.In conclusion, as you can clearly see using the Lease Option and Option methods are creative ways that A Real Estate Investor or Entrepreneur can use to easily make money in real estate.

It's very unlikely that you'll have no initial repairs, especially if you want the property to be easily maintained moving forward.Your cash flow numbers aren't bad at all, especially if you get the higher rent.As far as the other properties from the same owner, just call and find out if they want to sell.

It's different everywhere.I learned with my bank for commercial financing (because I'm a LLC), that I can't easily just get a proof of funds.

I always keep a few little things I can easily work on while waiting so I can get them done and have a productive night even if they don't show up.The next kinda-busiest time (getting phone calls) for me is spring/fall when that first hot/cold weather hits and people call about their air conditioner or furnace.

Easily could be faked.Automated payments mean nothing.

Land trusts are generally Not allowed as the banks know this is often a vehicle for bypassing any resale deed restrictions, even though you can easily do the same with LLC's.

Those dues are easily changed from year to year and can kill any cash flow.Also, you need to factor in that since you are not putting down the standard 20%, you are going to be paying mortgage insurance (unless you are going VA).

Landlord-Tenant law, as most laws on the books, are not written for easy reading and could be quite intimidating for most tenants, as well as easily misunderstood.