He specializes in junk properties that are poorly maintained and filled by JOB renters (just above broke).

They got that way through their daily habits and commitment to greatness.I posted up a list a few months back on our blog (link below in signature) of my Top Ten Self Development Books for a Real Estate Mindset.post up your list of books and CD's that you use to help maintain and improve your real estate mindset.

The owner does not pay for, nor maintain the alarm system.

It's very unlikely that you'll have no initial repairs, especially if you want the property to be easily maintained moving forward.Your cash flow numbers aren't bad at all, especially if you get the higher rent.As far as the other properties from the same owner, just call and find out if they want to sell.

ANY THOUGHTS or referrals anyone can provide.I do have my taxes to show that the properties have maintained stable tenancy over the years.Thanks in advance for any positive advice you all can offer.

The point is, as an investor, you have the keep costs low to maintain the bottom line...

And I have to maintain my POF in my acct until I close so I can't spend it on anything no matter how I plan on closing so for a conventional sale that I know I'm only waiting until she moves no problem.

Thinking the grass is always greener on the other side is not always true. 41 is actually a great age to really begin a full time RE business, your maturity will be a great asset.

My logic runs something along the lines that if they couldn't afford to maintain their mortgage the first time around, I usually hold no hope that they'll be able to maintain rent or a mortgage on the same property the second time.They have certainly exhausted all their cash reserves and are running hand-to-mouth (paycheck-to-paycheck) so until they completely recover, any little thing can throw them back into financial hardship - that's just a risk I wouldn't want looming over my bank account.Having said that, bad things do happen to good people and while their current intentions may be beyond reproach, unless they can clear up their mess on their own, they'll likely be moving out sooner or later - that's where you can step back in and truly help them out.

Worcester would also net less, on the order of magnitude of Newton because it's priced much higher.My properties that were Negative eventually turn "fat" or cash positive as the debt service is paid down (or retired) and rents rise (30F mortgage maintains the same payment).Good Luck Investing, MikePS You call Christie?