But correct me if I'm wrong but this seems like a pretty good deal, especially considering the house is <10 years old so maint. should be relatively low.

They will generally be very current with the law as it stands and any new laws coming up.If you really want to know the laws ask a state licensed RE attorney for matters related to RE law.

Relatively new to the mortgage business I find it interesting could use some advice from now and again.

How much would you say a property should generate in relation to the purchase price in order to be successful?

This is just general info, doesn't relate to Reo's.Do you guys agree with that advice?

Urban Investments,I've never heard of a pyramid strategy as it relates to buy and hold investing?

Could be liens on the property nobody is aware of or a distant relative that was given an interest in the property long ago.

Seems as thought the vast majority of foreclosures relate to SFHs.Thanks!

I have relatives and friends in the Atlanta area.

Thank you both for your quick responses, I am relatively new to this business so I appreciate any help I can get.With Regards to structuring the deal my main query was about how I decide what rent this guy should pay?