I don't want to criticize anyone's hometown but your best option may be to get out of Williamsport. 30% ownership rate sounds like it may be 1/2 the national average, which implies (at least to me) that the economic conditions may not be great there.My best bet is to accumulate some cash, even if you get the ppty with little or no out of pocket (which is not as likely or easy in real life as shown on late nite informercials), it still takes cash to repair and operate ppty.Good luckall cash

*Condition - subject is a dump, pull comps that are dumps; subject is new, pull comps that are new.

Does this make sense with current market conditions.

I have a purchase agreement or would i need a specific contract or is this something my lawyer should create.Shawn

No real investment strategy advice; really just a primer on leaving the rat race and re-conditioning the idea of wealth2.

I'm not sure most mortgage co's are smart enough to do anything creative like that but it's worth a shot.BTW, in TX a first mortgage foreclosure CAN wipe out unpaid HOA dues, late charges and lawyer's fees.all cash

She moved in a lawyer as a roommate, he paid 1/2 of everything and she did the cleaning.

howdyOne of your best sources for finding good rental property(if thats what you want) is a good property management firm.As a former firm owner a large number of my sales were to folks wanting good rental properties.Agents who manage property know who wants to sell and what the true market conditions are in their area.There is nothing sadder than having to tell an out of town investor that they bought a property from an agent or seller, that won't rent.

They do it b/c they're hoping to rope you in to work for them after you get the license; it may even be a condition, I'm not sure.

I did just come across a don't wanna landlord and bought the home with that was just remodeled in excellent condition in a nice part of town, but i paid more than i should but the cash flow is ok.