There is a 4th unit that should rent for another $1500-$2000 but it has been empty for a fairly long time as they overpriced it a bit.

While I'm fairly certain that is above any repair limit you might have set with the PM, I'm also fairly certain that it qualifies as something the PM knows must be fixed immediately whether you authorize the dollar amount or not.

The house is fairly clean with no major structural issues.

I usually have that age vintage in the 8's or 9's.They have and incredible amount of operating expenses with vacancy.28 units managing from afar does not allow proper structure in place for a full time manager and maintenance person.They have at about 61% but if other capex or problems are coming that cap could go to a 6 etc.I do not know that are so if it is in an amazing area and sitting on a bunch of land the dirt might make up for it.

Getting a license is fairly easy and not that expensive.

In fact the homes on both sides of this property do.Its a fairly large house 3 bdr 1.5 bath on the upper levels. 1600sfThe basement has a .5 bath and is about 900sfIs anyone familiar with the process for doing this?

Account Closed to assign an REO you can do one of two things.You could set up an LLC or Corp and contract in your company's name...when you find a buyer you would sell your Corp or LLC to your end buyer through a Corp resolution.OrYou could create a land trust which is fairly simple to create and contract with the land trust you created and simply relinquish your control of the trust to your end buyerAnd of course you could do a double close but either way you would have to have an LLC set up.

The most recent episode of "Gold Rush" was a bunch of "the making of" behind the scenes stuff.

Unless you have some fairly ignorant buyers, it's difficult to wholesale off the MLS, as everyone else is already looking at them, and most will have resale time restrictions.

There are a bunch more farther South and some in NH as well to check out.