If you're more of a risk taker, invested in a flooded home and purchase it as a discount to repair it back together, rent it then sale it later when the value has gone up and people don't assume we flood like this all the time.

If you uncover that answer, it may shed some light on the investment (maybe it's good info and it satisfies my skeptical approach)I have found the biggest three seller motivations (with landlords) are:1) Tenants are subpar and current owner is tired of managing (in this, you're inheriting headaches, eviction, and much higher repair costs than you expect). 2)  An estate took over and just wants to get it gone (in which case there is probably a back balance owed that needs to be flushed out along with a general lack of property knowledge). 3)  My personal favorite: the Owner bought via tax sale deed (and therefore does not want to be a landlord, just wants his investment + reasonable return).If everything checks out, it sounds like a great deal bud.  

First, I would identify the average price points of the majority of recent sales in your area that you want to work in.  

Hello,I was wondering if I could get some advice on this 4 plex. http://m.mrishomes.com/mobile/homes-for-sale/317-w-sunset-ave-greensboro-md-21639-200990078Seems like good cash flow and it has been recently renovated.

Real estate kind of went by the way side as I was working different jobs and building my electrical business.Last year I was working at a home that was in rough shape when the neighbor told me it was for sale.

I would like to draw on my background which includes a bachelor's degree in Mechanical Engineering, control system design, sales and proposal writing.

Tyler, I don't have anything for sale at the moment or have any properties to broker.

There's no perfect answer, because it will vary widely by location and the actual property. 16%-18% pre-tax profit (of sales price) is a pretty good rule of thumb.

Sale Price: $105,000Closing Costs and Agents: 7% , $7,350Loan Payoff: $77,125Remaining from Sale: $19,058The deal has cash flowed $1,400 in those 12 months.

In most P&S contracts, with the sale of an occupied rental, deposits held by the previous landlord is settled with you at the closing, and it's your responsibility to pay the deposit back to the tenant.