I have 4 guys that work for me full time and do most of my repetitive tasks such as but not limited to: painting, cabinets, roofing, siding, yard work, windows, tile, carpet, light fixtures, and light plumbing.

Hewitt-I can relate, however what you are contemplating is no easy task.

This is one of the best places to learn the nuts and bolts of REI.But there is also no substitute for education in the "basics" of life.

Here is some basic info.There is no requirement that the lender on a piece of real estate has to be a bank or regulated financial institution.Sellers can choose to accept monthly payments rather than being completely paid off when they sell.

His cousin is way behind on the bills and needs to get out of his house before it goes to foreclosure.He is sending me the basic info, including note amounts, property value, address, possible repairs, etc.Then what?

Hi Kiran: Supplementing John Corey's Post: 1) TX has basically not allowed residential lease options. 2) I review most lease option material.

A basic cleanup can start at a few hundred dollars where as a suicide by shotgun can take more than a day to clean and can run into a couple thousand, not including the replacement of carpet, paint, draperies, etc.

There are basically two types of ROWs.

So basically you'd be doing well to scratch on the expenses.

You at least have a basic knowledge of property upkeep, loans, etc.