I've been stalking the forum posts to narrow down what to get. e.g.

Have you gone down to the courthouse to get the owner records on file and then skiptraced them? 

Just to throw this out there, 2k is much less than the down payment to buy a home.  

He bought the home with no money down, Home town Heros program and creative finance, then we developed the property by improving it with electrical upgrade additional meters and more bedrooms.

You should always fly down to the market you are investing in and set strong standards with everyone you plan to work with.

And financially, I'm good to go with a 20% down payment, 80% loan, and all that jazz under an LLC.So, I'm about to close next week, and I've been looking at commercial properties, specifically 5-8 unit ones. 

I see vacancy rates going up and rent going down in the next few years, along with depreciation.  

I have just been learning the past few months and everything has had my head spinning because there are so many ways a person can go and what I Like about Sean so far is that he targets one area in particular - wholesaling - that seems to be not so overwhelming and a great way for a person just starting out to get going.

I'd be down as hell for this.

@Jim Doyle- thanks   1) consider increasing the purchase price by the amount of the elec and roof  work that needs to be done  and then assist  seller with  getting the work  scheduled and completed  ( as this will be required to be donw before closing ) ..this way the  seller  is technically  paying for the  repairs  and they wont lose  any  proceeds ....they will pay a little  extra  wa state sale excise tax  but  that  wont amount to too much  2)  consider  putting less down  and using some of your funds to pay for  the repairs  ( or part of the repairs )   3)  consider using a rehab loan  4)  consider  keeping the price  where it is and asking for the sellers to complete  repairs  (  this likely wont happen)  5)  get roofer and contractor  estimates and get them  lined up to do the work asap  as it might takes  weeks to get this scheduled / done  6)  ask seller for  extension on closing date if the  work  will take  longer than 10 days ,,,Good luck