The market can be good to me, or I can get burned.

Your note on the 50K reinstatement shows that this would be a horrible idea as you essentially are burning Est. 50K to obtain a property and you'd still have 0 equity.

You'll get burned once and then realize why everyone on these forums always says to put everything in a written contract.Always remember that when stuff goes wrong, everyone, EVERYONE, even you and me becomes self-serving and looks out for their best interest first.Pro athletes and musicians provide plenty of examples of how relationships change with family members when money enters the equation haha.

Does the seller have any contact information for the tenant's payee (if any), counselor/psych care person (if any), or relative-who-still-is-involved (many mentally ill people seem to have burned out their relatives...). 

Yeah I have heard of folks getting burned on their numbers when the HOA decides to replace roofs, siding, driveways, etc...

Purchased the home for $16,000 as a complete burn out.

A PM company is not going to have the cash to burn through that method. 

I live in CA and my business partner, @Jamie Burns, lives in Orlando.

I've been burned by low bids.

This home features a wood burning fireplace on the first floor, first floor master bedroom, new wood flooring, granite counter tops, new kitchen cabinets, new bathroom tile and fixtures, new drywall throughout, new lighting, ceiling fans, new windows, neutral paint throughout and a built in island range with hood and upgraded s What made you interested in investing in this type of deal?