You're going to need proof of financing ability to accomplish the next few steps.

Trustees who have a lender or borrower pressuring them to rescind a sale (or who know they made a mistake), regardless of reason, have come to need and expect the buyer to take the rescission lying down.

Why the NEW truck" I ask "I am going to need it if I get into rehabbing" :) :) :)

-Down the line if you want to catapult your RE business by learning advanced strategies, going further into online business, teaching seminars and being a national trainer or something similar then you are probably going to need some help to get on this path and not have it take you a hundred years.You wouldn't send a first grader straight into high school; there is always a path to get from where you are to where you want to go.Sharon

So having a reasonable expectation and attitude can help set the right tone for the whole experience.Thanks @Joel Owens for your comments.Two questions:1) If there is good management in place, what is the role of a local partner?

I'd start at the receptacle the iron was plugged into, after that you're probably going to need an electrician to trouble shoot the issue.

Tamara:You sure you weren't renting to students ;-)It's not just Section 8 (here: Social Housing) that can neglect your property, the ignorance and self-interest of youth can also be a challenge ... as can pets.We have found that how you set the tone and ground rules during the application process and signing of the lease and how routinely you visit the properties (we reserve the right for quarterly visits) makes the difference between having the odd small problem or major issues.

Based on a quick analysis and using only the #'s you provided to earn those returns you're going to need to rent both units out for at minimum 1100 each.

You are going to need an attorney for this one  if you wish to pursue the seller.

In other words if the entire neighborhood is earth tones, painting it bright blue would be weird.