RE is hard and takes work.....if it were easy, everyone would be doing it.You can get the same info for free here on BP and at your local REIA group, both of whom deserve your support a lot more than guys like that.My local REIA has classes and seminars on every aspect of RE investing (marketing, legal, roofing and foundation basics, etc) and they are free or $20 at the most and the ones that cost $20 usually feed you sandwiches or breakfast......no big pitch or rah-rah or pressure to give any one 1000's of dollars.

She did ............... 2 years later the house is STILL bank owned , now there is a hole in the roof , the AC unit is gone , and the basement has a foot of water in it ( can see that thru the broken basement window) probably molded out now .Keep looking ......

The outside looks good, but it has a slate roof.

., Spartanburg, SC 29302 TMS# 7-21-00-066.06 1112sf, 3 bedroom, 1 bath, 74 acre lot, built 1959, central HVAC, NEWER METAL ROOF 2013 taxes 1282 (May be reduced by appeal.) 77,350 > Last sold price 2004 72,000 > CRS retail comps 49,000 > Tax value 32,995 > Price OBO Call for access.

I wouldn't buy this place as either a full cash or financed purchase.I see $825 income against the follow expenses for full cash purchase:Taxes $66.67Sewer and Water $-Trash $-Heat/Utilities $-HOA $-Cap Ex and Ops $150.00 (this is my minimum per roof)Insurance $66.67Mgmt Fee $82.50Vacancy $66.00Cashflow/month $393.17 Cashflow/year $4,718.00Cash on Cash Return 6.69% ( I like to see 15% here)------------I see $825 income against the follow expenses for finance based purchase.

I don't have the time to rehab and flip/hold (although I would enjoy the learning experience), so I'm here to become the investors go-to guy for evaluating and presenting properties.I'll be looking around for evaluation techniques, as well as estimating a wide variety of rehab repairs (roofs, baths, kitchens, floors, appliances, etc...).I would also be open to local investment clubs to meet like minded members.Thanks for your service!

That is until kids come along, or the car dies, or the roof needs to be replaced, etc... ;)Slow and steady wins the race, so don't give up!

@Justin Pierce - Great advice... this is exactly along the lines of what I'm thinking given the steep home prices in the area.

The reason that I got it so cheap was that it needed a roof.

That meets my 15% cash on cash return AND $100+ cash flow per door per month.Expenses as I see them at $164k and $2400/month in total rent:Mortgage Rate 5.00% (this could be lower if owner occupied)Length of Mortgage in years 30Monthly Mortgage payment $660.29 Taxes $421.50Sewer and Water $108.33Trash $-Heat/Utilities $-HOA $-Cap Ex and Ops $150.00 (this is my minimum per month per roof)Insurance $116.67Mgmt Fee $240.00 (10%)Vacancy $120.00 (5%)Total Expenses $1,816.79