Like J Scott said he is not lowering his return # so he seeks out those areas that it can be achieved and I suspect he has a full blown machine that can make that work.. the average investors trying to buy their first rental if they follow the 2% rule in my personal opinion will be buying in a very tough to manage Ghetto type situation.I am would venture to guess that the properties you sell don't hit the 2% rule and you would never suggest that investors buy in those neighborhoods.

Typically the seller's did not have an attorney and it was more for debt relief and save credit.

Become familiar with the Soldiers and Sailors Civil Relief Act in terms of leases (when leases can be broken, what the active duty military personnel must provide the landlord in doing so). 

Are they wanting to manage risk and be in a safer place in the capital stack or are they seeking more yield?  

The numbers are as followDelinquent amount $ 18,0001st $ 160,000 (amount being foreclosed on)2nd $ 54,0003rd $ 25,000Total $ 257,200 I could relief the owners from all debt by paying the total amount of $ 257,200 and put money in their pocket to the tune of $ 60,000 for the keys to the property.

I have to say it is a phenomenal resource and a great wealth of information, it is a pleasure to become part of such a community.I am seeking expert advice as I am somewhat of a novice when it comes to actual real estate investing.

The numbers are as followDelinquent amount $ 18,0001st $ 160,000 (amount being foreclosed on)2nd $ 54,0003rd $ 25,000Total $ 257,200 I could relief the owners from all debt by paying the total amount of $ 257,200 and put money in their pocket to the tune of $ 60,000 for the keys to the property.

Hi All: I am seeking advice for the following scenario: I bought my first two rental properties this year and there is a property that is "abandoned" (not currently occupied) next door that the owner only uses to store stuff in the backyard.

We have track records of success and now seeking for working capital for more upcoming project.

All I had to do is label each transaction; such a relief not having to go through bank statements at the end of the year or hand track receipts as they come in which end up all over the house.