Thanks for having a well thought out forum with a substantial knowledge base.

They put a substantial amount of security deposit at the beginning of the lease.

Being a licensed agent you could use the MLS to your advantage and start pulling the expired listing report everyday and mailing to them with the intention of finding motivated sellers who would allow you to take the property subject 2 the existing financing in place.You could then turn around and lease the property for cashflow (provided the numbers make sense) or sell to a retail buyer who wants owner financing and has a substantial down payment.

Steve BabiakThe rent estimate is because the market is greatly influenced throughout the year.

Get a mortgage broker involved to give in depth workings and stress the return of money before the return on money.You could do the same thing one on one, introduce an attorney who will work with you.As a Realtor you can say that you can see the possibilities, identify great deals, but you can't really address the internal workings, underwriting aspects, risk, so get a center of influence who can and do so with authority.

Don't let outside influences stifle your success.

The assessed values of $200K are stale as they are assessed each two years and there has been a substantial gain in value. since.

My overall goal is really to keep acquiring properties and wealth to the point of being able to really influence entire communities in a positive way.

If you attempt to influence an owner to accept or decline any offer that is unethical conduct.

The entry costs are substantially higher than most places.