She moved in a boyfreind who was a loser and basically just put utilities in his name and did not pay.

They usually have a lot of the bigger more popular guys Real Estate Investing materials at huge discounts.

I would like to observe at least one deal that someone is putting together...see how they deal with contractors, what labor they do themselves...WHERE they buy there materials etc.

However, with the poor job market, I may have a more difficult time flipping the contract. 2) Has anyone utilized those websites that sell motivated seller leads?

If you use the 2% rule:Mortgage ($108K, 7.5%, 30 yr): $755Cash flow: $332 or $83 per unit per month (better)Even at $108,000, I would not buy this building because the utilities are not separate.

Have you read much of their materials?

Utilize wholesaling to generate cash flow.

Often appears to be less because only the most obvious expenses (taxes, insurance, utilities) are included and others (maintenance, property management, advertising, legal, evictions) are neglected.

It's a rental, so it doesn't need to have fancy material, only material that will last a long time.

There's also lots of material here in various posts, though it may make more sense if you take the time to buy or borrow a book on "pre foreclosure investing" that presents everything in an organized manner.