I'm looking for a new niche and real estate investment has always peaked my interest, but I have never really actively pursued this interest until now.  

Just walk by the property and take a peak inside through the windows.

But what peaked my curiosity was the service whereby they find you wholesale properties via their research, marketing etc.

And outside of peak times you'll likely get (if you're lucky) 50% occupancy.

The market is probably at near peak right now, so I would stand to make a good return right now.

The population peaked around 40.7k in 1990, and has steadily declined since then.

Many builders during the peak used this type of brick, as it was much cheaper, but did not seal it which led to the ongoing issues.

This midterm rental situation worked out great for the slow season & then the property was available just as peak season started.

In 2010 I picked up a couple income properties at less than half of what they had sold for during the peak. 

., not from seller)1st loan - recorded date: May 2005, loan amount $650k, 30 yrs adjustable rate;max. rate 12.6%, current rate – unknown, adjust every 6 months.2nd loan - recorded date: March 2006, loan amount $77k, 20 yr loan, assume HELOCAccording to the seller: total mortgage payment $2200, insurance $100, property tax $700(However, I did the calculation, the payment on the 1st loan should be at least $3500, assume at 5%, seller will provide more information on the loans later on; my take is if it is adjustable rate loan, forget it; she told me that it is a fixed rate loan though; for this discussion, assume the total PITI is $3000)According to the seller, the total mortgage owed is $680k.Today’s market price is around $620k, during the last peak, it was around $720.When it peak this time, I expect it to be higher than $720k (based on the information from the nearby market, some area has already gone higher than the last peak)Seller is willing to sell it subject to.The roof needs to be replaced and probably some sewer problem which costs $7k to fix at most.So the out of pocket $ to buy is < $20k for now and it won’t case flow for the first few years, assume rent go up after that, it will.My plan is to find a money partner to put up the money to fix the roof and the sewer problem and hold on to it for at least 10 years and wait for the equity to build up, should have at least $300k equity or more in 10 years and sell at that time.