We’ll explain how this actually saves money for the renter later on in this article.

But it was her boy friend that put the down payment down 5k then and 5k later which he paid.( he was also the father of some of her children) The house went in default when he found out about it he brought it current. 

If you turn around and sell it 2 days later to someone else, that is then those two individuals creating a market.

Then about 2 years later they started getting behind on our mortgage, then we found out they were behind in the first mortgage as well...long story short, we had to foreclose on the note we held and pay the first to keep them from foreclosing a senior lien first...the day of the sale at auction, we were served with a notice that they had filed for bankruptcy, which stayed the sale and the auction was voided.After getting an education in foreclosure, I now had to learn about bankruptcy.Since we were now living in another state, we had an attorney handling it all - I was never comfortable leaving things to other people, especially when we had a lot to lose.

I ended up 5 years later with 10 high end houses and retired from the work force.Now I invest full time:)

And 2 days later they text and said while they was cleaning the kitchen counter and turned the garbage disposal switched on she got shock.  

Basically, if the tenant fills it out, they cannot later say that they had some verbal agreement with the previous owner that they want you to honor. 

I started my trucking/oilfield company in 2008, a year later I started to invest into real estate.

I dont really NEED the ~$200-300/mo cash flow that most properties seem to generate after the mortgage expenses, but not getting that return and possibly having the property go down in value later makes the whole thing a moot point as well. 

My prediction is that the first few projects in this article will become very successful, but those who finish later will be victimized by the economic cycle.