A professional management company keeps detailed reports on those size of buildings.The bigger you go up in building size the more chance it is professionally managed instead of self managed.The benefit is usually better records are kept on multiple sets of data for a better analysis when you buy.For keeping this detailed info the seller usually wants a better price as more data can be validated versus a seller who has some data but not all you need so you have to price lower for unknown risk factors.

This of course is a valid investment strategy.

The tricky part is that I'm located out of town right now and need a third party to arrange the signing of the agreement and the handing over of the deposit.My bank's notary has agreed to do all this but the tenant says he has no valid ID whatsoever (even his international driver's license is suddenly expired).

If your state offers Lead Free Certificates, then you are probably fine it you get a lead free certificate, even though apparently it doesn't follow federal guidlines and may not be valid in the future.

Not sure how motivating that guru course was, hope it didn't cost much....I think you said you didn't have money, if I'm wrong we could go on, if you ahve liquid assets to cover any valid creative financing exposure, otherwise I'd suggest you look for something you can spin into a deal.

I'm a bit confused why not as a general warranty deed.

Your point is well taken and valid.

Never use a QCD when buying, use a Special Warranty Deed and have the seller exclude those issues he does not to warrant.

Just wanted to point out that Jeff makes a very valid point as to the perception of where the money is coming from.

Using 50 percent rule which is very valid for a low income rental, that doesn't leave a whole lot per month.