Thanks for the help on this subject, another question however...When entering a deal that is outside of the traditional financing methods (purchase from a wholesaler/motivated seller/etc.), is it wise to already have a pre-qualified document expressing what you're allowed to purchase?

It makes sense for older multi's to have just 1 main service, however it's kind of annoying that you fit the bill for somebody letting the toilet run all day.Also get a really good gauge on the neighborhood, and of course get a full inspection top to bottom, including sewer.Each lender is different and will have varying methods of how they decide what / how to lend.  

Funny how many of these so-called guru seminars end up being sold on eBay and craigslist - at a fraction of the price - by former students who gave up on trying to make these methods work, or on trying to get a refund.  

Not for a quick get rich method but from the people I have talked to, this industry is one where hard work and dedication pays off.

I'm witness to a recent tax sale withdrawal on ************** that doesn't seem right.

Also, instead of a full lawsuit to force her to sell, can I simply place a lien on her house to simply recover for my costs with the appraisal & attorney feesThxIf the cost of removal of violations required to be removed by the Seller pursuant to the printed provisions of this Contract of Sale shall be in excess of five hundred ($500􀀉 00) doll􀀄􀀅s, the Seller is hereby granted the option to withdraw from this Contract of Sale, in which event the Seller shall refund to the Purchaser the monies paid on execution hereof, together with the net cost of exa􀀊ination of title and any survey actually incurred by the Purchaser, not exceeding rates usually charged by any major title company where no policy is issued and where title shall fail to close; whereupon this Contract of Sale shall become null and void without any further liability on either par􀀁y to the other unless the Purchaser shall agree to take title subject to said violations and assume the performance thereof and receive an abatement in reduction of the purchase price in the sum of five hundred ($500􀀂00) dollars􀀂 The options herein granted shall be exercised by notice in 􀀋riting by certified mail, return receipt requested􀀃

These methods have proven quite accurate.Then you need to run your own numbers and see if the property will hold at the "market" rent.My experience: The market is usually quite accurate and unless you are dealing with luxury property, rents are pretty uniform in specific areas.

Also, if there are agents involved in the deal this method would be challenging.

One thing, without competition everything will be stagnant because competition compels an individual, organization and so on to find better method of doing things.ThanksMatthew. 

When responding please inform me of methods, books, podcasts, advice, etc. of ways that I can start with no money, no good credit, and land some money in my pocket!