Since deals need due diligence and the sites are new, this means that demand for deals is exceeding supply.

Basically anyone you're partnering up with to do a deal, and quite often is supplying a majority equity stake in the deal in exchange for you supplying the deal, as well as putting it all together, and managing it.Keep asking questions.

Neither of these services require bank account information supplied by you.The third party transaction companies that accept rent payments use ACH transfers set up for volume transactions.

David - I just read the story at the link you supplied.

This is not intentional but has happened twice in 18 months.The scenario would be after visiting the property and doing my research, estimating rehab cost, she supply to me comps and I will come up with the offer number.

Rents are up, vacancies down, and new builds at very low lows, thus creating a supply and demand issue.

One of our clients bought a park that was empty of homes, had a swimming pool filled with dirt, and a trashed club house for a bargain that some other organization had bought for what they thought was a "higher use" and gave up because of the cost of ripping out the pads, the electric, the gas, and the water supplies and sanitary lines.

I think sooner or later there will be an over abundant supply which will lead to vacancies in the lower end units.

. $2.5k for bathroom, $4k for interior and exterior paint, $1k in drywall, $1k electrical supplies and fixtures, $500 in plumbing, $750 in landscape.

plus if you hold back at least 20K of your money you have now, you can use it to buy supplies in the new fixer upper.An additional piece of advice, find out what your tax will be on the flip and set it aside now.