If you know the basics of what you are doing, you don't necessarily have to be an expert, you will be fine.

We knew than going in and budgeted for all new heating and all new plumbing in out initial bid.

Here's a forum thread I started earlier this year that has some basic ideas to ponder:What to say when contacting an absentee landlord

You need a basic understanding of accounting, but I love the software.

Basically as an agent you can offer to do just listing in MLS, or listing + negotiating, or whatever.I've been debating if I should create a flat fee listing package for FSBOs/investors.

Basically you have to put in a blind offer.

I mean the mls is basically monopoly.

This could result in the tenant/buyer suing the seller, especially if she can't or doesn't return the option money.My basic rule of thumb is that if a seller is in financial distress, do whatever you can to get the deed (low cash offer, Sub2, Sub2 with equity payment via a seller carry-back 2nd mortgage).

But I love that you can have it on without the heat and get a nice ambiance.

It's over 100 years old but looks to be in decent shape and rentable basically as is.