They came back with $250 per month for water, $40 per month for lawn care and trash pick up, utilities are paid for by tenants, and no flood history.

Hello everyone...I just attended the NEREIA in Chelmsford Ma last night....Wow...a lot of people showed up...very nice atmosphere...very informative...Im not going to lie, I was a bit hesitant in speaking with people there...I have absolutely no experience..but I know I need to hammer down and just do it.....I need to emerse myself in it...Thinking about starting to wholesale..I need to know bout p/s agreement , assigning, etc....anybody have any suggestions would love to pick ur brain...

Pick a solid B-Class suburban area.

Honestly maybe B class isnt possible but high C class can be done in some markets yet. 

This class includes any property that is a rental building or structure (including a mobile home) for which 80% or more of the gross rental income for the tax year is from dwelling units.

However, I will be picking up rentals this year as well, in order to offset my income.

ARV  180ish in those days... probably needed 15 to 20k to change out mechanical and fluff and buff .so I am standing there and because of the low bid and the fact that northwest trustee converted to putting all the sales on their website.. ( which really blew it for us guys in the business)  there were over 30 bidders with qualify checks so at least 3 million in cash chasing a dinger that ended up selling with Maybe 10k of equity in it.. at that point I knew our great run was coming to an end and the days of picking off equity like we used was about done. 

which is why ensure you do this strategy using synergy.... meaning in such a way that you can easily replicate it... and pivot this strategy towards another agent...Or super short term strategy Joe.Attend one of the multi family meet ups... and talk face to face.. to agents in these meet ups... and pick their brain, create that trust with them.Hope this helpsRome Wells

Some want me to come out my pocket , while others don't answer the phone unless I enroll in their expensive class.

The numbers pencil out fine as is but I wonder if down the line the condo market in this area picked up whether it would be possible to convert the apartment building into condos (they are all 2/2's) and then so lease options on the condos using my low FHA rate to arbitrage a higher rate on the note to the buyer.