I wish I could find deals like that in my neck of the woods.

@Shane Woods Thanks for the break down for the numbers.

Grats on graduating and already having your sights set on REI.By Multifamily do you mean 2-4 units or 5+ units.

I'd go with @Shane Woods advice and call a city inspector.

But too often the prediction was basically one family for each foreclosure.Never an adjustment made for last part of the boom years where new homes and condos were selling from speculator to speculator - 4-5 deed transfers in under 2 years with no actual occupying buyer in sight.

Great advice from Jean.In addition, there are sights such as loopnet.com which is geared towards multi-family and commercial properties so you don't get all of the single family homes in your search.In addition to Zillow (Which is my favorite), look into Redfin.com and Realtor.com.

How's the market up in your neck of the woods?

I was going to say exactly what @Shane Woods said above...As a 1099 entity, your contractors have the right to define their own hours (within certain parameters), use subs if they want, define how they'll get the job completed, etc.

Brian Woods - tenant did have an agreement with the previous owner, however when I purchased the property he already knew he was going to have to move.

I have a few now approaching 10 months and no end in sight.