However, you do want to find a title company or lawyer that's familiar with doing these.

In order to keep your property in rentable condition you might have to 1) roof the house 2) add a porch if water is rotting the front door facings 3) change out a furnace 4) add laundry hookups 5) remodel an entire apartment or house especially if a tenant has been there many years.

also with the realtor you are listing the contract, not the property, but for all intents and purposes to the end buyer it looks exactly the samemake sure you have an investor friendly title company and lawyer lined up in ADVANCE who will play with you and your realtor on these terms.

The value proposition I give to clients is not that it's too big and scary to do for themselves--you can also learn to become your own lawyer in order to defend yourself in court, or you can become a master mechanic in order to build your own car--the question is: do you want to do the work and research necessary to represent yourself competently?

Some houses tended to attract tenants that were "problem children", consistent slow pays, whiners, "jailhouse lawyers" etc.My screening was not overly tough, although my lease got longer over the years.

The following are possible answers with some possible conditions:1.Out of town owner – unfamiliar with current market conditions2.Incompetent to negotiate – power of attorney3.Passed away/executor of estate – quick sale, legal authority4.Real estate broker or organized selling entity – it may be overpriced.5.Bank officer or foreclosure agency personnel dept. – lower your offer6.Sophisticated lease optioning reseller/investor – big bad wolf!

I have applied it to exterior walls located in the worst conditions and climates and ten years later its still as good as the day I put it on.

My only condition is that if you're in the Houston area, tell me so I don't send you the one I'm currently using.

Bank get's it's money, divorcee' gets some cash and rid of a deadbeat, lawyer gets a case completed, neighbors get an eyesore cleaned up, but most important, all cash gets another deal!

I have also owned many businesses:johnmichael: Laundry Mats, Retail Stores, Flea Markets, Convince Stores, Arcades, Rack Merchandising, Mystery ,Mystery shopping Company, Auction Centers, Answering Services, Vending, And the list goes on.johnmichael: Now enough pumping sunshine up my own skirt LOLjohnmichael: Do understand we will be going over the basics and then step by step jump into the more advanced and creative strategies of locating Real Estatejohnmichael: I do want to cover basic investing strategy for new investors; johnmichael: STEP 1 - Buy a piece of real estate under the most favorable terms and conditions possible with as much leverage (OPM--other people's money) as you can.johnmichael: The art of this game is finding moneyjohnmichael: Money is everywhere folksjohnmichael: How many Dr's in your townsDan_Auito: We are gaining strength in that dept as more and more lenders are finding our home herejohnmichael: The are of OPM is just asking for it!