We are in our due diligence period now and one of the biggest issues we found during the home inspection was more roof damage than we originally thought.

Hi Patrick,Unfortunately you won't find many driven real estate professionals in Toledo that have a sense of urgency lolThis can be a double edge sword in the way that it's hard to get things done efficiently but it also eliminates most competition because you can just beat everyone to the punch (Just like we have been doing for 5 years now).I suggest you check out the Five Points area (43612 and 43613 zip code).$55,000 - $75,000 properties that will rent for $600 - $800 per month.This pocket has been our sweat spot for many years now and I don't think that anyone has bought more properties than us in the area lolYou will find decent tenants that tend to stay and pay and low volatility with not many evictions.That's my 0.02 Aussie cents :)I wish you much success

You can advertise it as a month-to-month, lower the rent for a period of time, offer an incentive like half off the second month's rent, etc.

@Mahauijue Mack the 12 months waiting period is only if you are using the same lender.

We give a 3-day grace period until late fee then another grace period until the 7th then a 7-day notice.

There is also the seasoning time period too that will slow down the entire brrr.

If it creates a possibility of loosing the property, then in my opinion, you shouldn’t be investing period. 

Lender will expect a ton down in payment and want a shorter amortization period maybe 10 to 15 years max and a personal guarantee from you.

Some states have a redemption period that the borrower can "buy back" the house from REO if they come up with the funds.It's the in-between step you seem to be talking about: using bank financing to BID on properties going to sale.

I’m doing driving for dollars for the first time and I’m trying to be as efficient as possible.