If property has good layout I have seen many cash cows pop up there.

Purchase price: $180,000 Cash invested: $225,000 Current flip.

There is likely a phone number and persons name that will come up, that you can reference, since he is having bills that arrive to the mailbox and packages to the door with his name on them.You could make it a pre-condition to the seller that he allow a background check on the tenant before closing and your offer is contingent on your approval.Neighbors typically know what's going on in the neighborhood and will know who the guy is and if he is a trouble maker.He probably has a car and a private detective can run the plates.And so on.The information is readily available is the knowledge is worth knowing.

@Samuel Coronado My experience with building lot purchases is they’re usually only worth what you pay for them once.

1) Never increase rent $5, it’s not worth the hassle, especially if tenant has autopay set up. 2) Your pm should be telling you want market rent is.

Because in 5 years, your property will be worth $185,000. 

Cash invested: $80,000 Househack with roommates and airbnb What made you interested in investing in this type of deal?

Louis offers affordability, cash flow potential, and emerging market opportunities but also presents management challenges, unfamiliar markets, travel costs, local regulations, and crime rates.

Currently we are renting in a city of Orange Co California, where the rent and property prices are higher, however we need to live here due to staying within the school district for my son for at least the next 4 years.Recently we sold some property overseas and have approximately USD $400K in cash.

My out-of-state clients are successfully purchasing BRRRRs and flips deals here because you can still find cash flowing and 1% rule deals here with tons of appreciation.