We bought a run down tiny house in the low income/commercial part of Glendale in 2013 and sold in 2015 for double what we paid for it.

Hey all, I'm fairly new to real estate investing, however, I'm extremely serious about it and have got my plan of attack down.

How is your market looking? I have been active in my market for 5 years and this is the lowest I have seen it, not much out there for sale at all. Unless a wave of sellers list this spring, prices will be going up.

And since the tiny interest accrues to the tenant it complies with state law here in PA.

8.4% seems extremely high.

Once you receive a call from a motivated seller make sure their expectations aren't extremely high.

Buyers are allowed and should ask to see every detail of previous years numbers, Tax returns, leases, expenses etc, etc,.When a seller is not forthcoming with support for every financial claim they should expect buyers to put in extremely low offers.

You (or him) need to spend 2-3 days there, hire a new management company, a 2 year vacancy is extremely odd, I would think your Dad is very embarrassed about this, try to dissipate that as much as you can... act now, get new management, evict the bad payers, new new tenants, stabilize, and THEN think about selling.

(Im extremely new to PPC marketing)

Let there be no doubt "Tiny Homes" are catching on.